The Commerce Department is trying to find a way to screen outbound investments in a way that protects domestic commercial interests but limits collateral damage to businesses with interests outside the U.S., said Marisa Lago, the agency’s undersecretary for international trade. Lago’s comments came one day after Samm Sacks, an expert on U.S.-China technology policy issues, said the Biden administration hasn’t yet released an executive order to create an outbound investment screening regime because of discussions surrounding implementation challenges.
NARUC draft resolutions on FCC spectrum auction authority and the Rural Digital Opportunity Fund (RDOF) got support from some industry and other groups ahead of this week’s state utilities regulators’ meeting in Washington, D.C. In an interview last week, Nebraska Public Service Commissioner Tim Schram (R) said it’s critical to use auction revenue to fully fund the FCC’s Secure and Trusted Communications Networks Reimbursement Program, which repays federally funded carriers required to “rip and replace” equipment from Chinese vendors that may pose a security risk.
House Communications Subcommittee leaders voiced optimism Wednesday that there will be bipartisan agreement soon on an updated version of the Satellite and Telecommunications Streamlining Act, the refiled Secure Space Act (HR-675) and other satellite legislation, but indicated after a hearing the subpanel may wait until March to advance the measures. Witnesses praised the bills, as expected (see 2302070066), but noted the need for some tweaks. Also on the docket: the Leveraging American Understanding of Next-Generation Challenges Exploring Space Act (HR-682), draft Advanced, Local Emergency Response Telecommunications Parity Act and draft Precision Agriculture Satellite Connectivity Act.
The U.S. and its allies should establish a new multilateral export control system to prevent sensitive technologies from being sent to dangerous end-users, including those in China, said Rich Ashooh, a former senior U.S. export control official. Ashooh applauded American efforts so far and said it shouldn’t abandon the existing multilateral control regimes, but he said a more formal system is needed.
Vladimir Voronchenko, a Russian citizen and legal permanent resident of the U.S., was charged with participating in a scheme to net over $4 million to maintain four properties in the U.S. owned by sanctioned oligarch Viktor Vekselberg, DOJ announced. Voronchenko also tried to sell two of the properties.
Vladimir Voronchenko, a Russian citizen and legal permanent resident of the U.S., was charged with participating in a scheme to net over $4 million to maintain four properties in the U.S. owned by sanctioned oligarch Viktor Vekselberg, DOJ announced. Voronchenko also tried to sell two of the properties.
Intelsat and SpaceX officials gave high marks to a draft updated version of the Satellite and Telecommunications Streamlining Act and refiled Secure Space Act (HR-675), in written testimony before a planned Wednesday House Communications Subcommittee hearing on the bills. Representatives from the FCC and Planet Labs gave more measured but positive reviews. Witnesses also spoke positively about the Leveraging American Understanding of Next-Generation Challenges Exploring Space Act (HR-682) and two other draft satellite bills the subcommittee will review Wednesday: the draft Advanced, Local Emergency Response Telecommunications Parity Act and draft Precision Agriculture Satellite Connectivity (PASC) Act. The hearing will begin at 10:30 a.m. in 2322 Rayburn.
Although former national security officials agreed that the U.S. should consider outbound investment review restrictions, they panned a congressional proposal that would have granted a new interagency committee “sweeping” power to restrict capital flows to China. Speaking during a House Financial Services Committee hearing this week, some of the former officials said Congress should rethink the proposal and also urged the Biden administration against issuing a unilateral executive order to establish an outbound investment review regime.
The Bureau of Industry and Security will hold a two-day conference this month to help it better understand emerging brain computer interface (BCI) technology as it considers potential export controls. The public conference, which will be both in person and virtual Feb. 16-17, comes a little more than a year after the agency requested public comments on potential BCI export restrictions (see 2110250011).
U.S policymakers should further study the extent to which U.S. investors support China’s artificial intelligence industry and should revise the scope of a Treasury Department list that restricts investments in Chinese military companies, experts from Georgetown University’s Center for Security and Emerging Technology said in a new report. The report also said the U.S. should consider imposing investment restrictions on certain companies added to the Entity List.