The U.S. urgently needs to revise its export controls and sanctions regime to counter how China circumvents it, the U.S.-China Economic and Security Review Commission said in its annual report to Congress. In its recommendation, the commission proposed a “new unified statecraft entity” made up of the Bureau of Industry and Security, the Office of Foreign Assets Control, the Bureau of International Security and Nonproliferation’s Office of Export Control Cooperation, the Defense Technology Securi...
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