Bipartisan Bill Introduced for Export Licensing Changes for Targets of Coercion
Sens. Chris Coons, D-Del, and Todd Young, R-Ind., propose that the adminsitration be able to expedite export licensing decisions and regulatory processes for countries that are facing economic coercion, such as Australia or Lithuania. The recently introduced bill also says…
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Congress should appropriate money for export financing and sovereign loan guarantees and waive some policy requrirements to facilitate export financing. The senators say that the president would need to coordinate with allies and consult wtih Congress about whether a country is the target of economic coercion and what support is appropriate. Any actions would sunset after two years.