From January through March, 2022, the “Biden Regime” approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies. Out of the 192 licenses granted, 115 of those approved contained “controlled [US] technology.” The problem, aside from the obvious? The 192 licenses were granted to Chinese companies on a U.S. trade blacklist.
Representative Michael McCaul, chair of the U.S. House of Representatives Foreign Affairs Committee, called the approvals unacceptable. “This critical U.S. technology is going to the Chinese Communist Party’s surveillance and military efforts.”
Blacklisted companies, known as the “US Entity List,” are companies that the US believes pose a national security threat. The list, which was first created in the 1990s, is published by the US Department of Commerce, and includes “foreign persons,” including businesses, research institutions, governments, and individuals) – subject to license requirements for the export, re–export and transfer of certain items to the country.
Per the US Department of Commerce: The Entity List is a tool utilized by BIS to restrict the export, reexport, and transfer (in-country) of items subject to the EAR to persons (individuals, organizations, companies) reasonably believed to be involved, or to pose a significant risk of becoming involved, in activities contrary to the national security or foreign policy interests of the United States. Additional license requirements apply to exports, re-exports, and transfers (in-country) of items subject to the EAR to listed entities, and the availability of most license exceptions is limited.