Washington Update

The House Selection Committee on China is slowly taking shape, and Chair Mike Gallagher expects the first panel to take place in March. The committee’s Republican membership was announced this week, but it remains to be seen which Democrats will be chosen. Read more

House Foreign Affairs Committee Chair Michael McCaul has been upping the pressure on Commerce Secretary Gina Raimondo and the Bureau of Industry and Security over their enforcement of US export controls on...

On Tuesday, the House overwhelmingly voted to establish the long-anticipated Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. Republican leadership has vowed to approach the committee’s work in a bipartisan fashion, and USCBC understands prospective committee members are currently lobbying for their spots. Read more

Representative Jason Smith (R-MO) will chair the House Ways and Means Committee. With jurisdiction...

A determination by the Public Company Accounting Oversight Board has alleviated the near-term risk of Chinese companies being delisted from US exchanges. For the first time in history, US regulators secured complete access to inspect audit firms in China. Read more

US-China competition over semiconductors was driven this week by action on multiple fronts. National Security Advisor Jake Sullivan confirmed the United States was in talks with Japan and the Netherlands to align on...

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...