Trade and Manufacturing Monitor
House 90-Day Review Report Calls for “Win-At-All-Costs” Approach to Preventing PRC Access to Critical U.S. Technology
On December 7, 2023, the U.S. House of Representative’s Foreign Affairs Committee (House Committee) released a 90-day report (the Report) on the Commerce Department’s Bureau of Industry and Security (BIS). The report…
Senators Call For Stricter Enforcement of Textile Industry in Neighboring Countries
On November 13, 2023, a bipartisan group of U.S. senators [1] published a letter to Acting Commissioner Troy Miller of U.S. Customs and Border Protection (“CBP”) calling for an increase in CBP enforcement activity…
Treasury Department Announces Largest Settlement in History and Severe Penalties Against Binance
On November 21, 2023, the Treasury Department, through the Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC), announced unprecedented actions against Binance Holdings Ltd.…
Annual Report to Congress Proposes Counters to China’s Military-Civil Fusion Program
On November 14, 2023, the U.S.-China Economic & Security Review Commission (the Commission) published its annual report to Congress. The report covers a wide range of topics, including a detailed assessment of the…
OFAC Enhances Sanctions on Russia and Its Procurement Networks Abroad
On November 2, 2023, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) unveiled new sanctions targeting Russia’s energy production, metals and mining, and defense procurement sectors. OFAC also…