House Select Committee on China Republicans wrote to President Joe Biden, asking him to make human rights and military demands of Chinese President Xi Jinping when they meet at the Asia-Pacific Economic Cooperation summit, which will happen Nov. 15-17.

The U.S. should have placed export controls on a broader range of semiconductors, including legacy chips, as part of its efforts over the last year to restrict sales of advanced semiconductors to China, said Nazak Nikakhtar, a former acting Bureau of Industry and Security undersecretary. She said a lack of legacy chip controls is allowing China to dominate that sector of the industry and grab market share away from companies in the U.S. and its allies, including South Korea and Taiwan.

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The top Democrat on the House Select Committee on China, Rep. Raja Krishnamoorthi of Illinois, said Wall Street and other investors want the government to provide a negative list they can hand off to their compliance teams.

The Bureau of Industry and Security is planning to soon issue a rule that will offer clarifications and corrections to its recently updated export controls on advanced semiconductors and chipmaking equipment, said Thea Kendler, the agency’s assistant secretary for export administration (see 2310170055).

The Bureau of Industry and Security and the Financial Crimes Enforcement Network this week issued another set of export control evasion red flags for financial service firms along with a new key term that banks and others can include in their suspicious activity reports to FinCEN. The new term will “enable even more BIS investigative and Entity List actions against” people and companies looking to evade U.S. export controls, said Matthew Axelrod, BIS’ top export enforcement official.

Mary Thornton, former head of trade and export controls policy at Amazon Web Services, joined the Semiconductor Industry Association as vice president of global policy, SIA announced Nov. 2. Thornton will lead SIA’s global trade and economic security policy initiatives. Before joining Amazon, she was a senior trade negotiator with the Office of the U.S. Trade Representative, where she served as the U.S. trade attache to the World Trade Organization.

The Treasury Department should “urgently” implement the administration's executive order on outbound investments (see 2308090066), including by adopting a broad definition of the three technology sectors covered under the order, said Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., the chairs of the House Select Committee on China. The lawmakers also called for the U.S. to do more to convince allies to put in place their own outbound investment screening tools and to pursue additional restrictions on outbound passive investments, including in index funds.

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Trade ministers from Japan, the U.S., the EU, the U.K., France, Canada, Germany and Italy said they will work to reach an agreement on World Trade Organization reform "with the view to having a fully and well-functioning dispute settlement system accessible to all members by 2024." The binding appellate level of dispute settlement at the WTO has been defunct since late 2019, because the U.S. blocked all appointments to the appellate body.