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Ways and Means Committee Chairman Jason Smith gets back to work July 9 with a hearing to advance legislation "to protect our supply chains from foreign control," and to address the "transformation of our once elite universities into incubators for extremism and harassment," according to a statement from his office.
Included is legislation compelling elite universities to admit "more American students," as well as tightening the eligibility of battery component subsidies in the Inflation Reduction Act.
The Treasury Department's Office of Investment Security formally published the Notice of Proposed Rulemaking for the Outbound Investment Rule announced June 21st. Written comments must be received by August 4, 2024.
Treasury's Office of Foreign Assets Control (OFAC) issued its OFAC Guidance: Production Submission Standards, updating OFAC’s former data delivery standards.
This guidance provides technical and general guidance to persons submitting material to OFAC and applies primarily to persons providing responses to administrative subpoenas, requests for information, disclosures, and especially for submissions that may entail voluminous documentation (e.g., more than 100 pages).
Two people were arrested Tuesday morning for shipping controlled avionics from New Jersey to the United Arab Emirates without having obtained the required license and authorization. The defendants obtained an ADIRU, a component that supplies air data and inertial reference information to pilots’ electronic flight instrument system displays and attempted to ship it to another company in the UAE.
A Florida man has been indicted for attempting to export scientific equipment from the United States into Russia without a license.
Kirill Gordei, 34, a citizen of Belarus and permanent resident of the U,S, allegedly falsely claimed that he was shipping a Thermo Fisher Scientific Orbitrap Exploris GC 240 Mass Spectrometer to Uzbekistan when it was, in fact, destined for Russia.
A United Nations report released on Wednesday revealed that Chinese companies and academic institutions own the largest number of patents for generative artificial intelligence, or GenAI, from the last decade – six times more than the United States, which placed second.Not only does it make up for nearly 70 per cent of patents, with Tencent, Ping An Insurance and Baidu leading globally, but it has published the highest number of scientific articles on GenAI between 2010 and 2023.
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