On May 12, 2023, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued initial guidance on the Inflation Reduction Act’s (IRA) requirements for domestic content bonus tax credits for...more
On June 8, 2021, the U.S. Senate passed the United States Innovation and Competition Act of 2021 (USICA) in a bipartisan vote of 68 to 32. The 2,000-page bill is largely focused on addressing the challenges of U.S....more
On April 21, 2021, Congress took action on two bills aimed at strengthening U.S. competitiveness vis-à-vis the People’s Republic of China (PRC or China). First, the Senate Foreign Relations Committee voted to advance the...more
On March 31, 2021, the top international trade officials of the Group of Seven (G7) countries issued a statement following the first meeting of the G7 Trade Track. The statement acknowledges “the contribution trade can make...more
On March 12, 2021, the U.S. District Court for the District of Columbia granted a preliminary injunction in favor of Xiaomi Corporation (Xiaomi) against implementation of Executive Order (EO) 13959, a November 2020 order...more
3/17/2021
/ Administrative Procedure Act ,
China ,
Consolidated Appropriations Act (CAA) ,
Executive Orders ,
Exports ,
International Emergency Economic Powers Act (IEEPA) ,
Investment ,
Military End Use ,
NDAA ,
Preliminary Injunctions ,
Supply Chain
On September 30, 2020, President Trump declared a national emergency under the National Emergencies Act and the International Emergency Economic Powers Act (IEEPA) with respect to U.S. reliance on foreign sources of 35...more