Congressional leaders last week proposed legislation that would strengthen and better coordinate investment screening requirements across North America. The goal: Prevent China from using Mexico and Canada as “backdoors” to move goods into the U.S. Details and the legislation are inside.
Two weeks ago, the BIS proposed a rule addressing national security risks from Chinese hardware and software in automobiles. Now, a bipartisan group of Congressional leaders has sent a letter to Mexico’s new president, urging her to address the security threat posed by Chinese connected vehicles.
Countries throughout the world continue to mature their investment screening regimes, or — in the case of Ireland — unveil their first ones. We have details inside, including an update on Mexico, which has signed an agreement with the Treasury Department to cooperate and share best practices. More inside.