Major Revisions to U.S. Export Controls: How the New Regulatory Landscape Will Impact Your Clients

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Major revisions to U.S. export controls, the largest such effort since the end of the Cold War, are well underway. The result is that many U.S. origin products and technology are moving from control under the U.S. State Department’s International Traffic in Arms Regulations (“ITAR”) to the more complex yet adaptable U.S. Department of Commerce’s Export Administration Regulations (“EAR”). Relaxed export controls, the availability of new license exceptions, and reduced re-export and retransfer controls over U.S. origin items located See more +
Major revisions to U.S. export controls, the largest such effort since the end of the Cold War, are well underway. The result is that many U.S. origin products and technology are moving from control under the U.S. State Department’s International Traffic in Arms Regulations (“ITAR”) to the more complex yet adaptable U.S. Department of Commerce’s Export Administration Regulations (“EAR”). Relaxed export controls, the availability of new license exceptions, and reduced re-export and retransfer controls over U.S. origin items located abroad will serve to provide a catalyst to opening new markets and alliances around the globe.

Meritas member firm Goulston & Storrs will provide a practical overview of these changes, and explain how the intended benefits are anticipated to extend not only to U.S. manufacturers and exporters but to the international community as a whole. Lawyers from Goulston & Storrs will also explain current U.S. sanction and embargo programs administered by the Office of Foreign Assets Control (“OFAC”), as well as the Foreign Corrupt Practices Act (“FCPA”), which continues to exert broad control over the activities of entities located both within the U.S. and abroad. Finally, Goulston & Storrs’ presenters will discuss the rapidly expanding application of the U.S. Treasury Department’s Committee on Foreign Investment in the U.S. (“CFIUS”) review process.

This program is intended for both U.S. and internationally based member firms. Participants will gain the tools necessary to issue-spot for their clients with respect to these far-reaching controls.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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