Washington Update

March 2nd, 2023
By USCBC Government Affairs

The House Select Committee on the CCP’s inaugural hearing on Tuesday allowed its 24 members to outline their priorities. While there is bipartisan agreement to prioritize export controls, outbound investment, and Taiwan, the hearing revealed some differences in strategy between the committee’s Republican and Democratic members. Read more

The same day, the House Foreign Affairs Committee grilled Commerce Undersecretary for Industry and Security Alan Estevez on the effectiveness of the...

February 23rd, 2023
By USCBC Government Affairs
Long story short

Three members of the Select Committee on the CCP have visited Taiwan in the last week, including Chair Mike Gallagher (R-WI). After his trip, Gallagher wrote an op-ed urging the United States to expedite its arms deliveries to the island. The select committee’s first hearing will take place on Tuesday. Read more

A tense exchange between Secretary of State Antony Blinken and China’s top diplomat, Wang Yi, over the weekend does not bode well for a reset in the bilateral...

February 16th, 2023
By USCBC Government Affairs 
Long story short

The last week saw a flurry of executive and congressional action in response to the balloon incident. The United States sanctioned six Chinese aerospace and tech entities and the event has given more fuel to pre-existing congressional efforts on export controls and sanctions. Read more

On Wednesday, Deputy Secretary of State Wendy Sherman gave a speech on China in which she reiterated the administration’s China policy and spoke on the balloon. She did not offer any...

February 9th, 2023
By USCBC Government Affairs 

President Joe Biden touched on China during his State of the Union speech, but not enough according to some Republicans. US-China relations remain in flux after US forces shot down a Chinese surveillance balloon over the weekend. Read more

House committees held some of their first hearings this week, several of them revolving around China-related concerns. The financial services committee discussed outbound investment review, and other committees looked into TikTok, US military...

February 2nd, 2023
By USCBC Government Affairs
Long story short

The last week saw two notable export control developments. First, the United States, the Netherlands, and Japan have reportedly reached a deal that would prevent China from importing advanced semiconductor manufacturing equipment, but it remains to be seen just how strict the Dutch and Japanese restrictions will be. Second, the administration is considering whether to completely cut Huawei off from the US market after years of granting licenses for certain US firms to sell...

January 26th, 2023
By USCBC Government Affairs
Long story short

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...

January 19th, 2023
By USCBC Government Affairs
Long story short

Treasury Secretary Janet Yellen and Vice Premier Liu He met in Zurich on Wednesday on the sidelines of the World Economic Forum. Both sides framed the meeting in positive terms, and Treasury hinted at Yellen visiting China in the near future. Read more

This week, Assistant US Trade Representative Terry McCartin led the US delegation to the first US-Taiwan Initiative on 21st Century Trade negotiations in Taipei. According to the US readout, the group “reached consensus...

January 12th, 2023
By USCBC Government Affairs
Long story short

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...

January 5th, 2023
By USCBC Government Affairs

Long story short

Secretary of State Antony Blinken and Foreign Minister Qin Gang spoke over the phone on Sunday. This was their first call since Qin was appointed foreign minister after serving as ambassador to the United States for roughly a year and a half. Read more

The United States now requires travelers from China to present a negative COVID-19 test prior to boarding their flight. The new rule applies to all travelers whose itinerary begins in China, regardless of...

December 15th, 2022
By USCBC Government Affairs

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...

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