News & Analysis as of

IaaS U.S. Commerce Department

Ankura

U.S. Department of Commerce Issues Proposed Rule Impacting AI and U.S. IaaS Providers to Counter Foreign Malicious Actors

Ankura on

On January 29, 2024, the Bureau of Industry and Security (BIS) at the U.S. Department of Commerce issued a new proposed regulatory rule (the “Proposed Rule”), which will impose significant diligence, monitoring, and reporting...more

Cozen O'Connor

U.S. Department of Commerce Proposes a New KYC Rule Applicable to U.S. IaaS Providers

Cozen O'Connor on

On January 29, 2024, the U.S. Department of Commerce’s (Department) Bureau of Industry and Security issued a notice of proposed rulemaking (Proposed Rule) that proposes a new Customer Identification Program (CIP) and other...more

Davis Wright Tremaine LLP

Commerce Department Proposes Cybersecurity/AI Reporting and "KYC" Requirements for Certain Cloud Providers

The U.S. Department of Commerce's ("Commerce") Bureau of Industry and Security ("BIS") has issued a proposed rule (the "Proposed Rule") that would impose significant diligence, reporting, and recordkeeping requirements on...more

Skadden, Arps, Slate, Meagher & Flom LLP

Know Your Cloud Customer: Commerce Department Proposes To Regulate Foreign Access to US IaaS Products

On January 29, 2024, the Department of Commerce, Bureau of Industry and Security (BIS) released a proposed rule (Proposed Rule) that would require U.S. cloud services providers (a.k.a. Infrastructure as a Service, or IaaS,...more

Lowenstein Sandler LLP

Trade Matters - Lowenstein Sandler's Global Trade & National Security Newsletter - February 14, 2024

Lowenstein Sandler LLP on

Teradyne, a Massachusetts-based supplier of semiconductor testing equipment, has reportedly pulled $1 billion of manufacturing equipment out of China in 2023 following export controls on advanced computing materials and...more

Mayer Brown

Department of Commerce Seeks Comment on Proposed CIP Requirement and Foreign Access Restrictions for US Infrastructure as a...

Mayer Brown on

On January 29, 2024, the US Department of Commerce’s Bureau of Industry and Security (the “Department”) issued a notice of proposed rulemaking seeking comment on a proposed regulation in response to the Executive Order (E.O.)...more

Morrison & Foerster LLP

BIS Proposes Rule to Address Challenges of Artificial Intelligence and Malicious Cyber-Enabled Activities

On January 29, 2024, the Department of Commerce’s Bureau of Industry and Security (BIS) issued a proposed rule to prevent foreign actors from using U.S. cloud computing services for malicious cyber activities. The proposal...more

Kelley Drye & Warren LLP

Commerce Proposes KYC and Other Cybersecurity Requirements on Cloud Services and AI Training

On January 29, 2024, the Commerce Department’s Bureau of Industry and Security (BIS) published a notice of proposed rulemaking (NPRM) introducing a Customer Identification Program (CIP) and other requirements applicable to...more

Mintz - Antitrust Viewpoints

Biden’s AI Executive Order Achieves First Major Milestones (AI EO January Update) — AI: The Washington Report

On January 29, 2024, the White House published a fact sheet detailing the actions that have been taken pursuant to President Joe Biden’s October 30, 2023 executive order on “Safe, Secure, and Trustworthy Development and Use...more

Blank Rome LLP

U.S. Department of Commerce Publishes Proposed Rule Imposing “Know Your Customer” and Reporting Requirements on U.S....

Blank Rome LLP on

The U.S. Department of Commerce (“Commerce”), Bureau of Industry and Security (“BIS”) recently issued a proposed rule aimed at preventing foreign actors from utilizing U.S. Infrastructure as a Service (“IaaS”) products (i.e.,...more

Fenwick & West LLP

Commerce Department Proposes Sweeping Know Your Customer & Other Requirements for IaaS Providers

Fenwick & West LLP on

The United States Department of Commerce (Commerce) issued a notice of proposed rulemaking (NPRM) seeking comments on new proposed regulations that would, if enacted, impose extensive Know Your Customer (KYC) and Customer...more

Cozen O'Connor

President Biden Signs Executive Order on Artificial Intelligence

Cozen O'Connor on

On October 30, 2023, President Biden signed an Executive Order (EO) on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence. The Biden-Harris Administration’s sweeping artificial intelligence (AI)...more

Jones Day

Department of Commerce Seeks Comment on Regulation of IaaS Providers

Jones Day on

Regulations will mandate more robust customer identity verification procedures and special measures to combat malicious cyber activities. On September 24, 2021, the Department of Commerce ("Commerce") published an Advance...more

Wiley Rein LLP

A Final Trump EO Would Regulate Cloud, Software and Remote Computing Services

Wiley Rein LLP on

On January 19, 2021, President Trump issued an Executive Order on Taking Additional Steps to Address the National Emergency with Respect to Significant Malicious Cyber-Enabled Activities (EO), designed to regulate United...more

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