Secretary Raimondo announced that the United States will not be compromising with China on “matters of national security” in response to calls to reconsider the recent Executive Order directing the Department of Treasury to...more
9/22/2023
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
China ,
Executive Orders ,
Export Controls ,
Foreign Direct Investment ,
Foreign Investment ,
National Security ,
NDAA ,
Russia ,
Semiconductors ,
U.S. Treasury
The Build America, Buy America Act generally requires that non-federal government infrastructure projects that benefit from federal government funding impose requirements for the use of domestic iron and steel and...more
8/21/2023
/ Build America Investment Initiative ,
Buy American Act ,
Code of Federal Regulations (CFR) ,
Compliance ,
Department of Transportation (DOT) ,
Federal Acquisition Regulations (FAR) ,
Federal Highway Administration ,
Fiber Optic Cables ,
Final Guidance ,
Infrastructure ,
International Trade ,
Manufacturers ,
OMB ,
Steel Industry ,
Waivers
Ukraine’s reconstruction efforts present myriad opportunities for foreign businesses particularly in the energy, construction and tech sectors. At the same time, it is imperative for foreign businesses to approach these...more
United States: The Administration and Congress are taking initial steps to produce legislation to regulate AI and using interim measures, such as the White House’s recently announced voluntary agreement with seven prominent...more
8/14/2023
/ Artificial Intelligence ,
China ,
Data Privacy ,
Data Protection ,
Disclosure Requirements ,
EU ,
Machine Learning ,
New Guidance ,
New Regulations ,
OECD ,
OSTP ,
Personal Information ,
UK
On August 9, 2023, President Biden issued an Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern. The new Executive Order (EO) is the...more
The CHIPS R&D Office is advancing innovation and creating opportunities across industry.
$11 billion has been appropriated to the CHIPS Research and Development Office to advance research and development of semiconductor...more
8/10/2023
/ Board of Trustees ,
Collaboration ,
Department of Defense (DOD) ,
Innovation ,
Investment Funds ,
Investors ,
Manufacturers ,
NIST ,
Research and Development ,
Semiconductors ,
Unions
If implemented by the U.S. government, the restrictions would regulate certain outbound investments by U.S. persons in countries of concern such as China.
The regulations may be established by an executive order,...more
7/27/2023
/ Artificial Intelligence ,
Biden Administration ,
CFIUS ,
China ,
Corporate Counsel ,
Executive Orders ,
FIRRMA ,
Foreign Investment ,
International Trade ,
Investment ,
NDAA ,
Outbound Transactions ,
Semiconductors
The EU’s new Joint Communication on a European Economic Security Strategy proposes a methodology for an EU economic security risk assessment and identifies measures to mitigate these risks. The Strategy is noteworthy because...more
On June 8, 2023, the United States and the United Kingdom announced the Atlantic Declaration for a Twenty-First Century U.S.-UK Economic Partnership (“Declaration”). The Declaration re-affirms the need to adapt and reimagine...more
6/30/2023
/ Artificial Intelligence ,
Clean Energy ,
Emerging Technologies ,
Energy Sector ,
Export Controls ,
National Security ,
Supply Chain ,
Technology Sector ,
Telecommunications ,
Trade Agreements ,
UK
The proposed rule tightens restrictions on activities by “affiliates” and clarifies scope of statutory clawbacks.
The Department of Commerce released a proposed rule imposing guardrails preventing the “improper use of...more
4/3/2023
/ China ,
Clawbacks ,
FCC ,
Foreign Entities ,
Investment ,
Manufacturers ,
National Security ,
Notice of Proposed Rulemaking (NOPR) ,
Proposed Rules ,
Semiconductors ,
U.S. Commerce Department
With more application windows for projects across the infrastructure, energy and technology sectors opening in the first three quarters of 2023, businesses should begin preparing now. Applicants must meet certain compliance...more
4/3/2023
/ Clean Energy ,
Compliance ,
Eligibility ,
Energy Sector ,
Federal Funding ,
Grants ,
Inflation Reduction Act (IRA) ,
Infrastructure ,
Infrastructure Investment and Jobs Act (IIJA) ,
Investment ,
IRS ,
Private Sector ,
Semiconductors ,
Tax Credits ,
Technology Sector
On February 24, 2023, the one-year anniversary of the Russia-Ukraine conflict, the United States released extensive new measures designed to impose additional sanctions on Russia for its aggression against Ukraine. These new...more
This post marks the third entry in our Year-in-Review series. For prior posts, click here. Many of the first measures that the United States, European Union and United Kingdom collectively took against Russia in 2022 related...more
This post marks the second entry in our Year-in-Review series. For prior posts, click here. Few sectors have been more affected by the sanctions on Russia than the energy industry....more
On February 24, 2022, the United States (U.S.), European Union (EU), United Kingdom (UK), and other countries issued a barrage of sanctions against the Russian financial sector, cutting off many major banks from the global...more
The US Department of Treasury recently released Enforcement and Penalty Guidelines (“Guidelines”) that outline conduct violating the Committee on Foreign Investment in the United States (“CFIUS” or “Committee”) regulations....more
Various reports indicate that the Group of Seven nations (G7) will announce its initial capped price for Russian-origin crude oil transported by maritime means (“seaborne”) this week. The cap will come into effect on December...more
On the one-year anniversary of its signing, the implementation of the IIJA remains a heavy lift for the federal agencies charged with carrying out its requirements.
Key Notices of Funding Opportunity (NOFOs) have been...more
On October 7, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule (the “Rule”) imposing sweeping new export controls targeting certain advanced computing integrated...more
In response to Russia’s invasion of Ukraine, and Belarus’s role in enabling this attack, the United States and global allies have imposed sweeping sanctions and export control restrictions on both Russia and Belarus. These...more
Russian government approval is now required for Western companies to exit LLCs, which complicates and will likely delay exit strategies.
High-profile projects and industries, such as Sakhalin-2, continue to be targeted by...more
The legislation is the result of months of negotiations between Congressional Democrats and Republicans to support domestic semiconductor manufacturing and related research and workforce development efforts.
The topline...more
8/1/2022
/ America Competes Act ,
Department of Energy (DOE) ,
Investment ,
Manufacturers ,
National Science Foundation ,
NIST ,
Research and Development ,
Semiconductors ,
STEM ,
Supply Chain ,
Tax Credits ,
U.S. Commerce Department
On July 13, 2022, as part of a new pilot program, the Department of State’s Directorate of Defense Trade Controls (“DDTC”) issued two open general licenses (“OGLs”) permitting certain reexports and retransfers of unclassified...more
The Russian government’s response to the introduction of Western sanctions has primarily focused on efforts to support and stabilize the Russian currency and economy.
In certain instances, the Russian government has...more
On June 12, 2022, a bipartisan group of Senate and House lawmakers announced agreement on a new draft of the National Critical Capabilities Defense Act of 2022 (NCCDA), which would establish an expansive outbound review...more