New Treasury GLs Could Aid Human Rights Abusers, Lawmaker Says
New general licenses issued this week by the Treasury Department may be misused to fund terrorist efforts and human rights violations, Rep. Michael McCaul, R-Texas, said. Although the licenses are designed to allow Treasury to better authorize humanitarian aid to sanctioned countries (see 2212200035), McCaul said they could help companies and banks inadvertently send money and aid to the wrong people.
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
“By relaxing longstanding basic restrictions on the provision of aid to countries subject to U.S. sanctions, today’s action by the Biden administration increases the likelihood some of our assistance funding will go to designated terrorists, human rights abusers, and violent authoritarian regimes,” McCaul said. “I urge the administration to reverse this decision.” Treasury didn’t comment.