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U.S. Department of Commerce's Bureau of Industry and Security Relaxes Several Classification and Reporting Requirements for...

As of March 29, 2021, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) has implemented significant modifications to the Export Administration Regulations (EAR) that relax requirements on the...more

Take Two: Another Executive Order Addresses U.S. Personal Data Concerns by Prohibiting Business with Companies That Develop or...

On January 5, 2021, President Trump signed another executive order (EO) to address the threat to U.S. national security posed by access to personal data by the People's Republic of China and the Chinese Communist Party. This...more

U.S. Government Authorization Now Required for Certain Business with SMIC and Over 70 Additional Entities in China

As of December 18, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has added 77 new entities to the Entity List. Among the most notable additions are Semiconductor Manufacturing International...more

Mandatory U.S. Benchmark Survey of Financial Services Transactions Between U.S. Financial Services Providers and Foreign Persons...

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) recently issued its mandatory five-year benchmark survey to obtain data on financial services transactions between U.S. financial services providers and...more

Export and CFIUS Implications: New Emerging Technologies Added to Export Control List

On October 5, 2020, the U.S. Commerce Department's Bureau of Industry and Security (BIS) released a final rule adding six recently developed or developing technologies to BIS's Export Administration Regulations' (EAR)...more

As the App World Turns: Halt on Implementation of Commerce Prohibitions Regarding TikTok and WeChat

This past weekend saw a halt to the anticipated September 20 implementation of broad prohibitions published on September 18 by the U.S. Department of Commerce (Commerce) regarding TikTok and WeChat mobile applications. No...more

U.S. Department of Commerce Publishes Transactions with ByteDance and Tencent That Are Prohibited Due to National Security...

On September 18, 2020, the U.S. Department of Commerce issued two orders identifying the specific transactions related to the WeChat and TikTok mobile applications ("Orders") that are prohibited pursuant to Executive Orders...more

Further Expansion of U.S. Export Controls on Huawei and Related Entities

On August 17, 2020, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued a final rule that makes three significant changes to the export licensing requirements on technology, commodities, and...more

Buyer Beware: Stepped Up Enforcement and Monitoring by CFIUS

On June 9, 2020, the U.S. Department of the Treasury (Treasury) announced via its Twitter account that it had launched a website dedicated to the monitoring and enforcement functions of the Committee on Foreign Investment in...more

Expansion of U.S. Export Controls on Huawei-Designed or Produced Items

Effective May 15, 2020, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued an interim final rule that further tightens export controls on Huawei Technologies Co. Ltd. of China and its 100-plus...more

CFIUS Serves Up Proposed Changes to Mandatory Filing Rules: Bon Appétit!

On May 21, 2020, the Committee on Foreign Investment in the United States (CFIUS) published proposed rules (the Proposals) that fine-tune the recently implemented changes to the CFIUS rules. In particular, the Proposals...more

5/29/2020  /  CFIUS , Foreign Investment , Technology

Mandatory U.S. Direct Investment Abroad Reports Due Soon to U.S. Government

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) recently issued its mandatory five-year benchmark survey to obtain data on direct investment abroad by U.S persons and businesses. The survey, known as the...more

License Requirements and U.S. Government Visibility into Exports to China, Russia, and Venezuela Will Increase, but Countries...

After almost a year of speculation and discussion, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) is further tightening controls on exports, reexports, and transfers in-country (collectively,...more

CFIUS Update: COVID-19 Slowdown, Enforcement Uptick, and Jurisdictional Dismissals

In the world of the Committee on Foreign Investment in the United States (CFIUS), the first few months of 2020 proceeded largely as expected: CFIUS unveiled new regulations containing no major surprises (see our...more

Artificial Intelligence Software Controlled for Export, Including to Foreign National Employees

On January 6, 2020, the U.S. Commerce Department's Bureau of Industry and Security (BIS) released an interim final rule controlling the export of certain artificial intelligence software relating to geospatial imagery...more

The Life Sciences Report - Winter/Spring 2019

Venture Fundraising and Investment in Healthcare - U.S. healthcare venture fundraising reached a record $9.6 billion in 2018, continuing a four-year upward trend. This was driven by excellent returns in the sector,...more

CFIUS Past, Present, and Future: A 2018 CFIUS Carol

CFIUS Past, Present, and Future: A 2018 CFIUS Carol - The year 2018 was a turning point in the history of the Committee on Foreign Investment in the United States (CFIUS). CFIUS’s change in direction in 2017 suggested that a...more

Emerging Technologies to Be Controlled for Export: Comments Due December 19, 2018

On November 19, 2018, the U.S. Commerce Department's Bureau of Industry and Security (BIS) released its advance notice of proposed rulemaking (ANPRM) to control the export of emerging technologies. Comments on the ANPRM are...more

Five Questions to Determine If You Have a CFIUS Filing Requirement

As of November 10, 2018, foreign investors making acquisitions and equity investments into many U.S. businesses will be required to file their investments with the Committee on Foreign Investment in the United States (CFIUS)...more

Three-and-a-Half CFIUS Issues Needing Immediate Attention: Why Thinking "Big Whoop" Could Lead to Big Trouble

So you've heard a lot about CFIUS reform and the changes that may result from FIRRMA, perhaps from our prior pieces. While the President just signed FIRRMA into law on August 13, you probably know that many key FIRRMA...more

CFIUS Reform Legislation: Four Early Questions Investors and Companies Need to Ask

On Tuesday, Congress released its final draft of the Foreign Investment Risk Review Modernization Act (FIRRMA)—a compromise bill which reconciles the differences between the versions previously passed by the House and Senate....more

ZTE Update: Denial of Export Privileges Suspended

The U.S. Department of Commerce lifted the denial order on Zhongxing Telecommunications Equipment Corporation (ZTE Corporation) and ZTE Kangxun Telecommunications Ltd. (ZTE Kangxun) (collectively "ZTE"). The order was...more

ZTE Update: Order Signed but Denial of Export Privileges Still Is in Effect

Today, the U.S. Department of Commerce published the signed Superseding Order implementing the new settlement reached with Zhongxing Telecommunications Equipment Corporation (ZTE Corporation) and ZTE Kangxun...more

Denial of Export Privileges Against ZTE Corporation to Be Lifted Once Order Is Signed

Today, the U.S. Department of Commerce announced that a new settlement has been reached with Zhongxing Telecommunications Equipment Corporation (ZTE Corporation) and ZTE Kangxun Telecommunications Ltd. (ZTE Kangxun)...more

Reminder: Mandatory Foreign Direct Investment Reports for U.S. Entities Due May 31, 2018

The deadline for submission of the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) five-year benchmark survey regarding foreign direct investment in the United States is rapidly approaching.1 The survey, known...more

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