Treasury Department

A bill spearheaded by Senate Majority Whip John Cornyn (R-TX) that was introduced today in both the House and Senate, with Democratic co-sponsors in both chambers, would update and strengthen the national security watchdog Committee on Foreign Investment in the United States for the first time in a decade.

Japan, Korea, China, Germany and Switzerland remain on the monitoring list.

The National Association of Insurance Commissioners will have to decide how it can implement the new U.S.-EU covered agreement on insurance and reinsurance measures in a way that will not treat the EU more favorably than other countries that have been designated as “qualified jurisdictions,” according to the NAIC CEO.

Two groups that were vocally opposed to the U.S.-EU covered agreement on insurance and reinsurance measures when the Obama administration submitted the deal to Congress in January are praising the policy statement the U.S. issued on Friday when it signed the deal.

The United States and European Union are expected to sign a covered agreement on insurance and reinsurance measures by the end of the week, sources tell Inside U.S. Trade, with the U.S. planning to release a policy statement on how the deal will be implemented.

“Seek a more timely solution and garner a commitment from China to allow U.S. companies to own 100 percent of their Chinese operations.”

Mnuchin: “China has a lot of trade with them, there's a lot that we can do to cut them off economically, much more than we've done already.”

The White House should order the national security watchdog Committee on Foreign Investment in the United States to prevent all mergers and acquisitions by Chinese companies in the United States until Beijing takes meaningful steps to rein in North Korean aggression, Senate Minority Leader Charles Schumer (D-NY) wrote in a letter to President Trump.