On Thursday, 8 May, shortly after the announcement of the trade agreement with the United Kingdom and the United States, US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent provided additional details...more
On 24 March 2025, the White House issued an Executive Order threatening to impose a 25% tariff on all goods imported into the United States from any country that imports Venezuelan oil directly or indirectly through third...more
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 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
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
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 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
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
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
President Trump signed a new Executive Order on August 5, 2019, Executive Order 13884 (“EO 13884”), which blocks (i.e., freezes) all property of the Venezuelan government and its political subdivisions, agencies, and...more
Overview -
In a major expansion of U.S. sanctions against Venezuela, the Department of the Treasury, Office of Foreign Assets Control (“OFAC”), named Petróleos de Venezuela, S.A. (“PdVSA”)—Venezuela’s state-owned oil and...more