Washington Update

December 1st, 2022
By USCBC Government Affairs
Long story short

In a recent speech, Commerce Secretary Gina Raimondo urged US businesses to support the Biden administration’s efforts to keep US technology out of China’s reach. She voiced support for trade with China, but emphasized it should only be in areas that do not undermine US national security. Read more

The FCC last week banned future authorizations of some telecommunications equipment from five Chinese companies, including Huawei, ZTE, and Hikvision. The ban represents...

November 17th, 2022
By USCBC Government Affairs
Long story short

A long-awaited meeting between President Joe Biden and President Xi Jinping on Monday led to the restart of high-level dialogues that had been on pause for months. Climate talks are back on, with more senior-level discussions to come. Read more

Two House committees turned their focus to China this week. House Financial Services looked into the efficacy of the Holding Foreign Companies Accountable Act and continued discussing outbound investment review. While...

November 10th, 2022
By USCBC Government Affairs
Long story short

President Joe Biden will meet with President Xi Jinping in a much-anticipated meeting on the sidelines of the G20 on Monday. According to Biden, the objective of the meeting is to level set, clarifying both sides’ critical interests and red lines. Read more

House Republicans are poised to carry out their tough-on-China agenda in 2023 now that they have secured control of the House next Congress. There will be no easy wins for more hawkish proposals, however, given...

November 3rd, 2022
By USCBC Government Affairs

BIS clarifies scope of semiconductor export controls in new FAQ

Last Friday, the Commerce Department’s Bureau of Industry and Security (BIS) issued FAQs on the scope of its new advanced computing and semiconductor manufacturing equipment export controls. The export controls are designed to limit China’s indigenous production of advanced node semiconductors, semiconductor production equipment, advanced computing items, and supercomputers. The rules effectively cut off China’s access to...

October 27th, 2022
By USCBC Government Affairs 

Long story short

Negotiations on a package that would renew trade provisions, including Trade Adjustment Assistance and Trade Promotion Authority, have stalled. Republicans insist on passing both or neither, while Democrats are pushing for a package that only includes Trade Adjustment Assistance. Read more

The next in-person meeting of the US-EU Trade and Technology Council is set for December 5. It was reported that the leaders will discuss AI policies, which could be more...

October 20th, 2022
By USCBC Government Affairs 

Long story short

Huawei and affiliates are back in the spotlight. The FCC is reportedly considering banning the sale of new Huawei and ZTE equipment in a rule expected to drop next month. Read more

Secretary of State Antony Blinken discussed technological competition with China during a discussion at Stanford. He summarized the goals of the administration’s National Security Strategy, which include screening outbound investments and having more countries sign on to stricter...

October 13th, 2022
By USCBC Government Affairs 
Long story short

Last Friday, the Commerce Department announced precedent-breaking export controls on advanced chips and components. The department also added 31 Chinese entities to its Unverified List and made it easier to shift them to its Entity List, which could limit their ability to obtain certain US technologies. USCBC invites members to join our webinar covering the new restrictions on Tuesday, October 18. Read more

On Tuesday, the Senate formally began debate on this year’s...

October 6th, 2022
By USCBC Government Affairs 
Long story short

Export controls on chips 14 nm and below are expected to be released this morning. This rule would formalize the “is informed” letters Commerce reportedly sent to companies earlier this year, restricting the sale of these chips to China’s SMIC. Read more

Executive action on outbound investment still appears imminent, but the administration has not provided any details. There are both supportive and critical views on this course of action coming from the Hill, and...

September 29th, 2022
By USCBC Government Affairs

On Tuesday, congressional leadership and supporters of the NCCDA called on President Biden to issue an outbound investment executive order while the bill is revised. Today, it is looking like longtime critic of the bill Senator Pat Toomey may be more open to a less comprehensive version of the bill. Read more

House Republicans released their version of the Taiwan Policy Act on Wednesday. This version has reinstated language that the Senate Foreign Relations Committee removed from its...

September 22nd, 2022
By USCBC Government Affairs 
Long Story Short

President Biden this week instructed CFIUS to focus its scrutiny on several priority areas, including transactions that might affect US innovation, cybersecurity, or sensitive data. The order does not expand CFIUS’s power but rather focuses its efforts. Read more 

After the State Department’s approval of a $1.1 billion arms package for Taiwan, China sanctioned top executives from US defense firms. It is not the first time China has used sanctions to retaliate for arms...

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