- New congressional legislation aims to end the longstanding “first sale” rule for customs valuation.
White House Issues Executive Order Restricting Outbound Investment
On Aug. 9, 2023, the Biden administration issued a long-anticipated Executive Order restricting equity, venture capital, and joint venture investments in China. The Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern for the first time will prohibit certain U.S. outbound foreign investment transactions, and in
Congress and the White House May Restrict U.S. Investments in Certain Chinese Industries
On July 25, 2023, the Senate voted 91 to 6 to approve the Outbound Investment Transparency Act as an amendment to the National Defense Authorization Act. The legislation was proposed by Sens. John Cornyn (R-TX) and Bob Casey (D-PA). It would require companies to disclose investments or acquisitions involving entities in China, Russia, Iran, and
Will an Impeachment Inquiry Get in the Way of USMCA?
House Democrats, led by Speaker Nancy Pelosi, have opened a formal impeachment inquiry into the activities of President Donald Trump. Historically, impeachment proceedings have sent Congress’ productivity into a tailspin, but one item on the Congressional agenda this fall that could be immune from the political fallout is the United States–Mexico–Canada Agreement (USMCA).
The USMCA