On July 10, 2024, the U.S. Government narrowed the tariff exclusions on imports of certain steel and aluminum articles from Mexico, citing national security concerns. These measures effectively impose new tariffs aimed at...more
8/1/2024
/ Aluminum Sales ,
China ,
Enforcement ,
Export Controls ,
Foreign Trade Zones ,
Imports ,
Mexico ,
Steel Industry ,
Supply Chain ,
Tariffs ,
Trade Expansion Act of 1962 ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
Against the backdrop of increasing international competition in the artificial intelligence (AI) space, the Enhancing National Frameworks for Overseas Critical Exports Act (the ENFORCE Act) was recently introduced in the U.S....more
6/26/2024
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
China ,
Department of Defense (DOD) ,
Department of Energy (DOE) ,
Export Control Reform Act (ECRA) ,
Export Controls ,
Machine Learning ,
National Security ,
Semiconductors ,
US State Departments
The U.S. Government recently announced the largest round of sanctions against the Russian Federation (Russia) since the invasion of Ukraine two years ago. This multi-agency effort enacted over 500 sanctions against foreign...more
3/7/2024
/ Bureau of Industry and Security (BIS) ,
Due Diligence ,
Economic Sanctions ,
EU ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Institutions ,
Military Conflict ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanction Violations ,
Supply Chain ,
UK ,
Ukraine
In recent memory, enforcement of the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) regulations has been mostly limited and sporadic. But recently, the U.S. government is reviving and...more
1/22/2024
/ Acquisitions ,
Buyers ,
CFIUS ,
Compliance ,
Due Diligence ,
Enforcement ,
Executive Orders ,
Export Controls ,
FIRRMA ,
Foreign Investment ,
Infrastructure ,
Mergers ,
Sellers ,
U.S. Treasury
United States international trade regulatory agencies have updated voluntary self-disclosure (“VSD”) policies and guidance in an effort to incentivize private sector companies and individuals to self-report violations of U.S....more
7/31/2023
/ Arms Export Control Act ,
Bureau of Industry and Security (BIS) ,
Corporate Misconduct ,
Department of Justice (DOJ) ,
Export Administration Regulations (EAR) ,
Export Control Reform Act (ECRA) ,
Export Controls ,
False Statements ,
Foreign Agents Registration Act (FARA) ,
Incentives ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
Office of Foreign Assets Control (OFAC) ,
Self-Disclosure Requirements ,
Self-Reporting ,
U.S. Treasury
The Department of Commerce (the “Department”) announced the launch of the first Notice of Funding Opportunity (“NOFO”) under the CHIPS Act’s incentive program. This program aims to strengthen the U.S. semiconductor supply...more
3/7/2023
/ CFIUS ,
Compliance ,
Export Controls ,
False Claims Act (FCA) ,
Federal Grants ,
FOCI ,
Funding ,
Incentives ,
Loans ,
Manufacturers ,
Semiconductors ,
U.S. Commerce Department
The Russian Federation’s intensifying war efforts across Ukraine prompted the U.S. government to announce that it will implement a ban on Russian oil and gas imports. Under the ban, the U.S. will not import “Russian crude oil...more
3/10/2022
/ Economic Sanctions ,
Energy Sector ,
EU ,
Export Controls ,
Financial Institutions ,
Natural Gas ,
Oil & Gas ,
Russia ,
Supply Chain ,
Trade Bans ,
UK ,
Ukraine
The United States and the European Union announced new economic sanctions against Russia and Belarus due to the ongoing invasion of Ukraine. It is important to appreciate the timing of the implementation of the sanctions and...more
The international community continues to heighten the compliance burden for companies with business ties to Ukraine and Russia following a new round of sanctions. On February 26, 2022, the United States, along with several...more
3/3/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Controls ,
Financial Institutions ,
NYDFS ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
SWIFT ,
Ukraine
As Russia continues its invasion of Ukraine, the United States and other countries have intensified economic sanctions against the Russian Federation. These sanctions ride on the heels of initial sanctions issued prior to...more
2/28/2022
/ Australia ,
Canada ,
Economic Sanctions ,
EU ,
Export Controls ,
Financial Institutions ,
Japan ,
Russia ,
Supply Chain ,
U.S. Treasury ,
UK ,
Ukraine
Traditionally, United States software developers have struggled to compete globally due to strict export control and international trade laws. But since export control reform that began during President Obama’s...more
Many investors, traditional and progressive, are looking hard at cryptocurrency investments as a way to diversify their portfolios. However, there are still multiple known “unknowns” about this new market, including the...more
2/24/2021
/ Anti-Money Laundering ,
Bitcoin ,
Cross-Border Transactions ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Export Controls ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Investment ,
Investment Adviser ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury ,
Virtual Currency
On January 14, 2021, the U.S. Department of Commerce issued an interim final rule to address national security, economic security, and public health and safety concerns related to Information and Communications Technology and...more
1/20/2021
/ CFIUS ,
China ,
Cuba ,
Executive Orders ,
Export Controls ,
Foreign Adversaries ,
Infrastructure ,
Interim Final Rules (IFR) ,
Iran Sanctions ,
National Security ,
Russia ,
US Trade Policies ,
Venezuela
The Export Control Reform (“ECR”) initiative is in full swing. On October 15, 2013, businesses will wake up operating under a completely revised export control system. Some the changes have been in works for several years,...more
One of the main reasons for the government’s Export Control Reform initiative (“ECR”) was to ensure that the United States’ comparative advantage in certain technologies against the rest of the global marketplace is...more
We have written over the years about export control laws and other regulatory controls related to international trade. We have also discussed the comparative advantages that some countries have over others, including the...more
In January 2010, President Barack Obama announced a National Export Initiative (NEI), which was intended to lead to a long-term, sustainable economic growth for the United States, with a goal of doubling exports by 2015 to...more