OFAC Revamps and Updates Website
On April 3, 2023 the Office of Foreign Assets Control (“OFAC” or “the agency”) launched a new domain for its website at ofac.treasury.gov. This update aims to make it easier for users to navigate...
View ArticleU.S. and Japan Reach Agreement on Critical Minerals and Treasury Releases...
On March 28, 2023, the United States and Japan signed an agreement on trade in critical minerals used in electric vehicle (“EV”) batteries (“Agreement Between the Government of Japan and the Government...
View ArticleBid Protests: A Buy American Enforcement Tool, At Least Sometimes
For nearly a century, “Buy American” provisions and similar laws have mandated or otherwise instituted purchasing preferences for U.S. materials and products when using federally-appropriated funds....
View ArticleRegulatory Issues When Acquiring U.S. Pump Companies
Partner Eric McClafferty and trade analyst, Wyatt Mince, co-authored the World Pumps Magazine article “Regulatory Issues When Acquiring U.S. Pump Companies.” When a non-U.S. pump company is buying a...
View ArticleU.S. and EU Conduct Fourth Meeting of the Trade and Technology Council
On May 31, 2023, the United States and European Union held the fourth ministerial meeting of the U.S.-EU Trade and Technology Council (“TTC”). The TTC is a consultative forum created to coordinate...
View ArticleCommerce Department Revises Entity List to Address China’s Military Capabilities
The Commerce Department’s Bureau of Industry and Security (“BIS” or “the agency”) has revised the Entity List to address the agency’s growing concern around Chinese entities recruiting Western pilots...
View ArticleUnited States and India Announce Agreement Resolving Certain Trade Disputes
On June 22, 2023, shortly before the start of President Biden’s state dinner at the White House in honor of Indian Prime Minister Modi’s visit to Washington, U.S. Trade Representative Katherine Tai...
View ArticleEuropean Union Adopts 11th Round of Sanctions Against Russia
On June 23, 2023, the EU adopted its latest round of Russia sanctions. The new regulations have a focus on combatting circumvention and evasion, following suit with similar measures adopted by the...
View ArticleOFAC Issues Africa Gold Advisory
On June 27, 2023, the Treasury Department’s Office of Foreign Assets Control (“OFAC”), in conjunction with USAID, and the Departments of Commerce, Homeland Security, and Labor, published an Africa Gold...
View ArticleSenate Bill Proposes to Curb Export Licenses and Impose “Flow Down” Entity...
On June 22, 2023, Senators Rubio (R-FL) and Wicker (R-MS) – the top Republicans on the Select Committee on Intelligence and the Armed Services Committee, respectively – introduced S. 2170, the...
View ArticleUSITC Releases First Biennial Report on Economic Impact and Operation of...
On June 30, 2023, the U.S. International Trade Commission (ITC) released its first report on the economic impact of the United States-Mexico-Canada (USMCA) automotive rules of origin. Rules of origin...
View ArticleCommerce Continues its Focus on Antiboycott Compliance
On July 26, 2023, Matthew Axelrod, the Assistant Secretary for Export Enforcement, issued a memorandum on “Strengthening Antiboycott Reporting and Compliance.” The memorandum announced two new...
View ArticleFederal Agencies Publish Tri-Seal Official Guidance on Voluntary...
On July 26, 2023, the U.S. Department of Justice (“DOJ”), the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”), and the U.S. Department of Treasury’s Office of Foreign Asset...
View ArticleTreasury Department Releases 2022 Annual CFIUS Report
On July 31, 2023, the U.S. Treasury Department released its Annual Report to Congress on the Committee on Foreign Investment in the United States (“CFIUS” or “the Committee”), covering the 2022...
View ArticleWhite House Issues Executive Order on Outbound Investment Screening
On August 9, 2023, the White House issued Executive Order 14105 (“EO”) to address the national security threat posed by outbound investment in certain countries of concern that seek to develop and...
View ArticleNew Nuclear Nonproliferation Controls on China and Macau
On Monday, August 14, 2023, the Commerce Department will impose new nuclear nonproliferation (“NP”) controls on China and Macau. The new controls are meant to address ongoing U.S. Government concerns...
View ArticleExpansion of UFLPA Entity List and Publication of 2023 UFLPA Strategy Updates
On August 1, 2023, the interagency Forced Labor Enforcement Task Force (“FLETF”), led by the U.S. Department of Homeland Security (“DHS”), shared publicly the 2023 updates to the Uyghur Forced Labor...
View ArticleCommerce Proposes Revisions to Section 232 Steel and Aluminum Tariff...
Deadline of October 12th to Submit Comments On August 28, 2023, the U.S. Department of Commerce (“Commerce”) published in the Federal Register a proposed rule that makes certain revisions to the...
View ArticleU.S. Bureau of Industry and Security Creates Option for Extended Renewals of...
On August 30, 2023, the Department of Commerce’s Bureau of Industry and Security (“BIS”) amended the Export Administration Regulations (“EAR”) to allow for the extended renewal of Temporary Denial...
View ArticleU.S. and EU Regulators Provide Insights on Sanctions and Export Evasion Risks
On September 11, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis detailing trends in suspected evasion of export controls on Russia. FinCEN’s analysis is...
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