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Treasury Issues Draft Regulations for Outbound Investment Security Program; Comments Due August 4

An August 4 deadline is fast approaching for comments to the U.S. Department of the Treasury’s Notice of Proposed Rulemaking (NPRM) that was issued June 21. The NPRM will restrict, for national security purposes, specific...more

Commerce Considers Regulating Connected Vehicles to Protect Against Foreign Adversaries

On March 1, 2024, at the direction of President Biden, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published an Advanced Notice of Proposed Rulemaking (ANPRM) seeking public comment on the proposed...more

House Select Committee on the CCP Releases Report Proposing Changes to CFIUS

On December 12, 2023, the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party (the “Committee”), led by Chairman Mike Gallagher (WI), issued a wide-ranging report with...more

Biden Administration Issues Executive Order and Proposals Targeting Outbound Investment in China

After much anticipation, on August 9, 2023, the Biden Administration released an Executive Order (E.O.) outlining how the U.S. Government will begin to regulate U.S. investments in the People’s Republic of China. This E.O.,...more

Additional Sanctions and Export Control Measures on Russia Following G7 Summit

On May 19, 2023, the Biden Administration, in coordination with leaders of the Group of Seven (G7), announced new sanctions and restrictions on 300 individuals, entities, vessels, and aircraft tied to Russia following the G7...more

New Executive Order Directs CFIUS to Consider Additional National Security Factors in Evaluating Covered Transactions

On September 15, 2022, President Biden signed an executive order (EO) that reaffirms longstanding U.S. open investment policy and elaborates and expands on the existing list of statutory factors that the Committee on Foreign...more

Biden Administration Adds Economic Measures Against Russia During G7 Meeting – New Tariffs, Gold Import Restrictions, Sanctions...

On June 27, 2022, the Biden Administration announced a new round of economic measures it is imposing in response to Russia’s invasion of Ukraine. The White House made the announcement in concert with the G7 leaders’ meeting...more

New U.S. Sanctions and Export Restrictions Target Professional Services and Russia’s Media, Banking, Defense, and Industrial...

On May 8 and 9, 2022, the Biden Administration imposed new Russia-related sanctions and export restrictions, including a prohibition on the provision of certain professional services to any person located in Russia, sanctions...more

Treasury, Commerce Target Russia’s Tech Sector, Defense Industrial Base

On March 31, 2022, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on 21 entities and 13 individuals “as part of its crackdown on the Kremlin’s sanctions evasion networks and...more

Biden Administration Imposes New Round of Russia Sanctions

On March 11, 2022, the Biden administration, along with leaders of the Group of Seven (G7), announced a new round of sanctions on Russia following its invasion of Ukraine, which include restrictions on exports of luxury goods...more

Biden Administration Imposes Broad Sanctions and Export Controls in Response to Russia’s Invasion of Ukraine

*This alert was originally published on February 25, 2022 and updated on March 4, 2022. On February 24, 2022, the Biden Administration issued another expansive round of sanctions measures and export controls related to...more

Biden Administration Imposes “First Tranche” of Sanctions in Response to Russian Actions in Ukraine

On February 22 and 23, 2022, the Biden Administration announced additional sanctions on Russia. The first group of sanctions was announced on February 22, following Russia’s recognition of the so-called Donetsk and Luhansk...more

OFAC Issues Chinese Military-Industrial Complex Sanctions Regulations

On February 16, 2022, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued “abbreviated” regulations to implement President Biden’s 2021 Executive Order (EO) barring certain investments in...more

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