On 21 June 2024, the Office of Investment Security of the US Department of the Treasury (Treasury) issued proposed regulations to implement President Biden’s August 2023 Executive Order on Addressing United States Investments...more
6/27/2024
/ CFIUS ,
China ,
Civil Monetary Penalty ,
Critical Infrastructure Sectors ,
Executive Orders ,
Foreign Investment ,
International Emergency Economic Powers Act (IEEPA) ,
Investment ,
National Security ,
Prohibited Transactions ,
Proposed Regulation ,
Supply Chain ,
U.S. Treasury
On 1 May 2024, the US State Department’s Directorate of Defense Trade Controls (DDTC) issued a proposed rule to amend the International Traffic in Arms Regulations (ITAR) to support the goals of the trilateral security...more
5/9/2024
/ AUKUS ,
Australia ,
Directorate of Defense Trade Controls (DDTC) ,
Exemptions ,
Export Controls ,
Exports ,
ITAR ,
Licensing Rules ,
Proposed Rules ,
UK ,
US Department of State
On 15 April 2024, the Treasury Department’s Office of Investment Security published a Proposed Rule to revise the regulations governing the Committee on Foreign Investment in the United States (CFIUS or the Committee). The...more
On 28 February 2024, President Biden issued Executive Order 14117 of February 28, 2024, Preventing Access to Americans’ Bulk Sensitive Personal Data and United States Government-Related Data by Countries of Concern (EO) aimed...more
3/25/2024
/ Biden Administration ,
Data Collection ,
Data Storage ,
Data Transfers ,
Data-Sharing ,
Department of Justice (DOJ) ,
Executive Orders ,
Foreign Entities ,
International Data Transfers ,
Personal Data ,
Regulatory Oversight
Driven by concerns around increasing sanctions evasion activities by Russia, China, Iran and North Korea, the US Government is stepping up enforcement and warning companies in the extended cargo and shipping supply chain to...more
On 17 October 2023, the US Department of Commerce’s Bureau of Industry and Security (BIS) issued two new Interim Final Rules (collectively, the Updated Rule) that significantly revise and expand controls under the US Export...more
10/30/2023
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
ECCNs ,
End-Users ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Interim Final Rules (IFR) ,
National Security ,
Semiconductors ,
U.S. Commerce Department
For the first time, on 12 October 2023, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on vessels and their owners for breaching the price cap on seaborne Russian crude oil...more
The United States eased certain economic sanctions against Venezuela on 18 October 2023 in response to the signing of an electoral roadmap agreement between the Maduro regime and Venezuela’s Unitary Platform. Under this...more
On 7 October 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued two Interim Final Rules (collectively, The Rule) that significantly enhance U.S. export controls as applied to advanced...more
On 8 May 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued a Determination pursuant to Executive Order (EO) 14071 (6 April 2022) (the Determination) that prohibits the export,...more
President Biden issued a Proclamation on 21 April 2022 to “prohibit Russian-affiliated vessels from entering into United States ports.” As discussed in this alert, this action significantly builds upon U.S. sanctions against...more
4/28/2022
/ Atomic Energy Act ,
Biden Administration ,
Blocked Person ,
Economic Sanctions ,
Imports ,
Maritime Transport ,
Office of Foreign Assets Control (OFAC) ,
Ports ,
Presidential Proclamations ,
Russia ,
SDN List ,
Shipping Cargo ,
Trade Restrictions ,
Vessels
Russia’s invasion of Ukraine and subsequent revelations of alleged atrocities in territories previously controlled by Russia have had a global impact. Dozens of foreign countries (States) have imposed a wide variety of...more
4/20/2022
/ Blocking Sanctions ,
Economic Sanctions ,
EU ,
Financial Transactions ,
Foreign Investment ,
Foreign Policy ,
Popular ,
Russia ,
SDN List ,
Trade Restrictions ,
UK ,
Ukraine
On 6 April 2022, the United States imposed a new round of sanctions on Russia in response to its continued actions in Ukraine. K&L Gates covered previous rounds of sanctions in alerts on 24 February, 25 February, 15 March,...more
4/8/2022
/ Attorney General ,
Banks ,
Biden Administration ,
Blocking Sanctions ,
Economic Sanctions ,
EU ,
Executive Orders ,
Financial Institutions ,
G7 ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
As an update to our previous alerts of 24 February, 25 February, and 15 March, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 24 March announced an additional round of sanctions on Russia—one...more
As an update to K&L Gates’ previous alerts of 24 February and 25 February, U.S. President Joe Biden issued two executive orders (EOs) last week imposing additional sanctions against Russia. The first order, EO 14066, issued...more
3/16/2022
/ Belarus ,
Biden Administration ,
Economic Sanctions ,
Energy Sector ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Investment ,
Foreign Policy ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Trade Restrictions
As an update to K&L Gates’ previous alert on 24 February, U.S. President Joe Biden announced sanctions and export controls against Russia that are in addition to those imposed on the 21st and 22nd of February. This escalation...more
This week, the United States imposed new economic sanctions in response to efforts by the Russian Federation to undermine the sovereignty and territorial integrity of Ukraine. As discussed herein, they consist of: (1) an...more
2/25/2022
/ Blocking Sanctions ,
Economic Sanctions ,
Embargo ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Pipelines ,
Russia ,
SDN List ,
Sovereign Debt ,
Ukraine
Hydrogen—the smallest molecule, but one that holds the potential to be an energy superhero and play a significant role in reducing carbon emissions and slowing climate change.
The H2 Handbook provides a comprehensive...more
INTRODUCTION - The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently adopted measures substantially impacting Huawei-affiliated companies and their non-U.S. supply chains. Earlier this year, on...more
On 14 May 2020, the U.S. Department of the Treasury, the U.S. Department of State, and the U.S. Coast Guard jointly issued a “Sanctions Advisory to the Maritime Industry, Energy and Metals Sector, and Related Communities”...more
The U.S. Federal Emergency Management Agency (FEMA) has issued a temporary rule, pursuant to Section 101 of the federal Defense Production Act (DPA), under which FEMA will review and limit export shipments of five types of...more
Earlier this month, the Committee on Foreign Investment in the United States (“CFIUS” or “the Committee”) took two noteworthy actions that underscore the Committee’s powerful role in reviewing foreign direct investment and...more
A recent Federal Circuit court decision promises to significantly impact and broaden the scope of the types of foreign-produced pharmaceutical products companies can sell to the U.S. government.
...more
On January 13, 2020, the U.S. Department of the Treasury (“Treasury”) published two final rules (“Final Rules,” found here and here) that implement most of the remaining provisions of the Foreign Investment Risk Review...more
On November 27, 2019, the Department of Commerce (“Commerce”) issued a proposed rule implementing Executive Order (“EO”) 13873, “Securing the Information and Communications Technology and Services Supply Chain,” issued on May...more