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The U.S. Department Of Commerce Restricts Certain Activities Related To WeChat And TikTok

To implement President Trump’s August 6, 2020 Executive Order on Addressing the Threat Posed by WeChat and Executive Order on Addressing the Threat Posed by TikTok, Friday, September 18, 2020, the U.S. Department of Commerce...more

Hong Kong Targeted for Enhanced U.S. Export Controls

On June 29, 2020, the U.S. Departments of State and Commerce announced stricter controls on exports to Hong Kong, withdrawing Hong Kong’s preferential treatment as an autonomous territory. The regulatory changes follow...more

U.S. Department of The Treasury Proposes Rule to Modify Mandatory CFIUS Filing Requirements for Critical Technology Companies

On May 20, 2020, the U.S. Department of the Treasury issued a proposed rule modifying the mandatory filing requirements associated with certain foreign investments in U.S. businesses that deal with “critical technologies.”...more

U.S. Limits Huawei’s Access to Foreign-Produced Items and Announces Final 90-Day Extension to Temporary General License

On May 15, 2020, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule amending the Export Administration Regulations (EAR) to prohibit the supply of certain foreign-produced...more

U.S. Commerce Department Imposes New License Requirements for Exports to China, Russia, and Venezuela

In a final rule issued April 28, 2020, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) announced new export control requirements relating to China, Russia, and Venezuela. Effective June 29, 2020, BIS...more

U.S. Treasury Publishes Interim Rule Requiring Filing Fee for CFIUS Transaction Reviews

On April 27, 2020, the U.S. Department of the Treasury published an interim rule requiring the payment of a filing fee to the Committee on Foreign Investment in the United States (CFIUS) in connection with CFIUS’s review of...more

U.S. Sanctions Compliance During COVID-19: Pandemic-Related Guidance from the Office of Foreign Assets Control

The Office of Foreign Assets Control of the U.S. Department of the Treasury (“OFAC”) released brief policy guidance on April 20, 2020, addressing the COVID-19 pandemic’s impact on the capability of the global business...more

The Bitter and the Sweet: Expanded CFIUS Authorities over Foreign Investment in U.S. Businesses

On January 17, 2020, the U.S. Department of the Treasury published long-awaited regulations that substantially implement the balance of new authorities under which the Committee on Foreign Investment in the United States...more

CFIUS Rules Would Expand Jurisdiction Over Investments Related to Technology, Infrastructure, Personal Data, and Real Estate

On September 17, 2019, the U.S. Department of the Treasury unveiled proposed regulations that would expand the jurisdiction of the Committee on Foreign Investment in the United States (CFIUS) to cover certain real estate...more

Huawei Temporary General License Modified, Extended 90 Days, And 46 Additional Huawei Entities Designated

On May 20, 2019, the Commerce Department’s Bureau of Industry and Security (BIS) placed Huawei Technologies Co. Ltd. and 68 non-U.S. Huawei affiliates (collectively, “Huawei”) on the Entity List, which barred the export,...more

U.S. Government to Define “Emerging Technologies,” Impacting CFIUS and Export Controls

On November 19, 2018, the Department of Commerce published an Advanced Notice of Proposed Rulemaking (ANPR) seeking public comment on how to identify certain “emerging technologies” that are essential to U.S. national...more

Treasury Department Imposes Mandatory Filing Requirement on Parties to Certain Foreign Investments in U.S. Critical Technology...

On Wednesday, October 10, 2018, the Department of the Treasury exercised its authority under the recently passed Foreign Investment Risk Review Modernization Act (FIRRMA) to implement a Pilot Program that expands the...more

Five Ways CFIUS Reform Law Will Impact Foreign Investment in the United States

New legislation addressing foreign investment in the United States is expected to become law in the next several weeks. The Foreign Investment Risk Review Modernization Act (FIRRMA) promises important changes to the powers...more

President Trump Pulls the U.S. From the Iran Nuclear Deal

The Trump administration is withdrawing the United States from the Joint Comprehensive Plan of Action (JCPOA), the nuclear deal between Iran and the U.S., China, France, Russia, the UK, Germany and the EU. Sanctions that had...more

U.S. Imposes Blanket Denial of Exports to Chinese Telecom Giant ZTE

On Monday, April 16, 2018, the U.S. Department of Commerce’s Bureau of Industry and Security imposed a blanket denial of virtually all exports from the United States to Chinese telecom giant ZTE....more

President Trump Blocks Broadcom’s Bid to Take Over Qualcomm Upon Recommendation From CFIUS

On March 12, 2018, President Donald Trump issued an Executive Order blocking the proposed $117 billion takeover of Delaware corporation Qualcomm by Singapore chipmaker Broadcom due to national security concerns. The action...more

Sudan Sanctions Lifted

Effective October 12, 2017, U.S. sanctions against Sudan have been lifted. U.S. persons are no longer prohibited from engaging in most transactions involving Sudan and the government of Sudan....more

New U.S. Sanctions on Government of Venezuela Affect Debt, Equity and Other Transactions by U.S. Persons or within the United...

Alleging that Venezuelan President Nicolas Maduro is corruptly selling off state assets at below value to enrich persons supporting his regime, and in order to deprive it of hard currency, the United States has imposed new...more

United States to Lift Sanctions Against Sudan

On January 13, 2017, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) issued a Final Rule, announcing that it would amend the Sudanese Sanctions Regulations to authorize all transactions previously...more

Important Changes to Export Administration Regulations Affecting Software Industry

On September 20, 2016, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a Final Rule, revising 58 Export Classification Control Numbers (ECCNs), adding two ECCNs, and updating technical definitions in...more

U.S. Commerce Department Expected to Temporarily Lift Sanctions on Chinese Global Telecommunications Manufacturer ZTE Corporation

On March 8, 2016, the U.S. Department of Commerce placed Zhongxing Telecommunications Equipment (ZTE) Corporation, ZTE Kangxun Telecommunications Ltd. (ZTE Kangxun), and affiliates Beijing 8-Star International Co. and ZTE...more

U.S. Commerce Department Imposes Sanctions on Chinese Global Telecommunications Manufacturer ZTE Corporation

On Tuesday, March 8, the U.S. Department of Commerce placed Zhongxing Telecommunications Equipment Corporation, known as ZTE, on the Entity List, along with affiliates ZTE Kangxun Telecommunications Ltd., Beijing 8-Star...more

U.S. Government Licenses Certain Iran-Related Transactions Conducted by Foreign Subsidiaries of U.S. Companies

On January 16, 2016, the International Atomic Energy Agency verified that Iran had carried out its nuclear commitments under the Joint Comprehensive Plan of Action (“JCPOA”), triggering reciprocal obligations by the United...more

OFAC on Bitcoin—Learning Before Actively Regulating

Before a government agency issues regulations implementing a new law—or applies existing regulations to a new technology—it has to do some groundwork. The agency will interpret its authorizing legislation and executive...more

Commerce Department Survey of U.S. Direct Investment Abroad Due as Soon as May 29, 2015

U.S. companies that owned 10% or more of the voting securities of a foreign business enterprise at any time during the U.S. company’s 2014 fiscal year must submit a report to the U.S. Commerce Department’s Bureau of Economic...more

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