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OFAC Issues Broad Authorizations for Dealings with PdVSA

On March 18, 2026, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) issued Venezuela General License 52 (GL 52). The license broadly authorizes established U.S. entities to engage in transactions with...more

Reported Draft Rules Signal New Semiconductor Export Controls Framework

On March 5, news outlets reported that the U.S. government is drafting new export control regulations for AI chips. A copy of the draft regulations is not publicly available. According to reports, the draft regulations would...more

U.S. Trade Representative Issues Request for Comments on a Plurilateral Critical Minerals Trade Agreement

The Agreement contemplates establishing pricing mechanisms that reflect market-economy costs of production and reduce the impact of “non-market” policies and practices. Input from stakeholders across the critical mineral...more

The Fiscal Year 2026 National Defense Authorization Act Expands Defense Procurement Sourcing Restrictions Related to Critical...

The Fiscal Year 2026 National Defense Authorization Act (FY 2026 NDAA), signed into law on December 18, 2025 (Pub. L. 119-60), includes several provisions affecting critical mineral and materials sourcing for DoD...more

OFAC Issues Five Additional Venezuela General Licenses Authorizing Certain Oil-Related Activities

In recent weeks, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) has greatly expanded the scope of authorized activities and transactions that U.S. persons may undertake regarding energy projects in...more

Supreme Court Invalidates IEEPA Tariffs: Implications and Next Steps

On February 20, 2026, the U.S. Supreme Court issued a 6–3 decision (in Learning Resources v. Trump) holding that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs....more

Treasury Issues Request for Information on CFIUS Known Investor Program

On February 6, 2026, the U.S. Department of the Treasury (Treasury) issued a Request for Information (RFI) seeking public input on CFIUS Known Investor Program (KIP). The RFI signals Treasury’s intent to formalize and begin...more

Reported Draft Executive Order Signals Expanded Federal Coordination on Quantum Computing

The White House is reportedly drafting an executive order (EO) focused on quantum information science and technology (QIST). The EO would establish a whole-of-government approach to strengthening the U.S. quantum ecosystem....more

OFAC Issues Venezuela General Licenses Authorizing Certain Oil-Related Activities

Following the removal of Venezuelan President Nicolás Maduro on January 3, 2026, the Trump administration has taken actions to expand Venezuela-related oil trade and investment opportunities, primarily for U.S. companies....more

Taiwan Prosecutors Announce First Major Semiconductor Indictments under New National Security Framework

On December 2, 2025, the Taiwan’s High Prosecutor’s Office announced criminal indictments against a subsidiary of Japanese company Tokyo Electron (TEL) and several associated individuals for alleged theft of advanced Taiwan...more

FY 2026 NDAA Includes New Statutory Framework for Outbound Investment Restrictions

The Fiscal Year 2026 National Defense Authorization Act (NDAA), which was signed into law on December 18, 2025, includes the Comprehensive Outbound Investment National Security Act of 2025 (“COINS Act” or the “Act”), which...more

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