Sen. Marco Rubio, R-Fla., announced he is introducing a bill that would make U.S. companies liable for statements "that excuse the genocide in Xinjiang" or other statements that advance Chinese propaganda efforts, and would make it illegal to invest in core Chinese Communist Party activities. He says these actions would be subject to the Foreign Corrupt Practices Act, unless companies could explain that their actions were not made to gain or retain market access. Traditionally, the FCPA has been used to prosecute the offering of bribes by U.S. persons or firms in foreign countries.

The Biden administration’s closed briefing to lawmakers on Feb. 3 only underlined the need for strong U.S. sanctions against Russia, several senators said. Sen. Chris Coons, D-Del., said administration officials gave a “factual assessment” of the dire situation at the Ukrainian border, which could soon see a Russian military invasion. “It's really hard to listen to all that and not conclude that we need to do more,” Coons told reporters on Capitol Hill. “Everything should be on the table in terms of sanctions.”

A bipartisan amendment that would ban mink farming for fur production in the U.S. passed the House of Representatives 262-168, as the House was working its way through hundreds of amendments to the America Competes Act. The amendment, co-sponsored by Reps. Rosa DeLauro, D-Conn., and Nancy Mace, R-S.C., amends the Lacey Act. It was changed from the original language, which spoke specifically of ending import and export of Neovison vison, the species known as American minks. The new version bans the sale, possession, acquisition, purchase or transport of the species, if it was raised in captivity for fur production. If this section of the bill survives the conference committee process with the Senate, it would take effect Dec. 31.

Two senators this week asked the Commerce Department to say whether it opposes stronger export controls against SMIC, China’s top chipmaker, as has been reported in the media, and to explain why.

Senators said this week they are close to finalizing negotiations on a bill that would impose new sanctions on Russia both before and after it potentially invades Ukraine. Sen. Bob Menendez of New Jersey, the Democratic chair of the chamber’s Foreign Relations Committee, said Feb. 1 that he plans to meet soon with Sen. Jim Risch of Idaho, the committee’s top Republican, to finalize the bill.

The U.S. and allies must “enhance” their sanctions enforcement against Myanmar to better cut off revenue streams to the country’s military, a bipartisan group of lawmakers said in a Jan. 31 letter to the State Department. The administration should also make sure “existing and future sanctions are enforced to the fullest extent possible,” the lawmakers said, adding that there is “no indication” that U.S. sanctions against Myanmar’s State Administrative Council have affected its ability to receive funds.

A group of Senate Republicans introduced a bill last week that would redesignate the Yemen-based Houthi militant group as a foreign terrorist organization, reversing a Biden administration decision last year to revoke some sanctions against the group. The bill, introduced by Sen. Ted Cruz, R-Texas, and sponsored by eight other Republicans, would subject the Houthis to strict financial blocking measures and sanction the group’s leaders. The Biden administration revoked the sanctions, which were imposed under President Donald Trump, because of concerns that they were hindering humanitarian aid to the region (see 2102100016). “I’ve consistently sought to reimpose those sanctions, and it’s now clear that if the Biden administration is unwilling to do so then Congress should mandate that they do,” Cruz said.

All 14 of the Republicans on the Senate Finance Committee are telling colleagues in their chamber that providing a $12,500 incentive to purchase union-made, U.S.-assembled electric vehicles will spur foreign retaliation against American auto exports. The House version of Build Back Better offers a $7,500 refundable tax credit for any electric vehicle purchase -- the same amount as current law, but makes it refundable and does not phase it out for leading manufacturers. Currently, Tesla and General Motors vehicles are no longer eligible for the credits. But in order to receive $12,500, the car or truck would need to include a U.S.-assembled battery and be made by union workers in the United States.

Sen. Dan Sullivan, R-Alaska, recently introduced the Sanctions Targeting Aggressors of Neighboring Democracies (STAND) with Taiwan Act of 2022, a bill that he says "would impose crippling, comprehensive economic and financial sanctions on China in the event that the People’s Liberation Army (PLA) or its proxies initiate a military invasion of the island democracy of Taiwan." Sullivan said the bill would prohibit hedge funds, venture capital firms and private equity firms from investing in any Chinese company in a Made in China 2025 priority sector and would sanction Chinese financial institutions and industrial sectors. It also would ban the importation of a good "mined, produced, or manufactured wholly or in part in the People’s Republic of China, or by a person working for or affiliated with an entity or industry wholly financed by the Chinese Communist Party or in which the Chinese Communist Party has a majority ownership interest," unless the president said the importation is necessary for the nation's economic security, national security or public health.

Iowa Republican senators Chuck Grassley and Joni Ernst are asking the Biden administration to complete free trade agreements in Asia, or rejoin the Trans-Pacific Partnership, as China expands its influence through the Regional Comprehensive Economic Partnership (RCEP). They wrote Jan. 25: "Initially, your administration stated they were content with focusing on your domestic agenda before they consider negotiating new free trade agreements. However, a year later, it is clear that your domestic agenda has been stalled while China is taking serious action to expand their foothold in the region."