Bipartisan Group of Senators Reportedly Urge Commerce to Add YMTC to Entity List
A bipartisan group of senators last week urged the Commerce Department to add China’s Yangtze Memory Technologies Company to the Entity List, Reuters reported Aug. 1. In a July 28 letter to Commerce Secretary Gina Raimondo, the senators, including Senate…
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Majority Leader Chuck Schumer, D-N.Y., said YMTC is an “immediate threat” to the U.S. and should be subject to strict export licensing requirements. “By failing to add YMTC to the Entity List, the U.S. Department of Commerce is allowing the PRC to exploit our technological sector and supply sanctioned parties in China,” the letter said, according to the report. A Commerce spokesperson said the agency received the letter and will respond. Spokespeople for the lawmakers didn’t immediately comment. The letter came a little more than a week after members of the Senate Banking Committee urged Bureau of Industry and Security Undersecretary Alan Estevez to add YMTC to the Entity List (see 2207150023).