On May 19, 2023, the Biden administration announced another major round of U.S. sanctions and export controls against Russia and Belarus in response to the ongoing war in Ukraine, in coordination with the G7 Leaders’ Summit...more
5/23/2023
/ Belarus ,
Bureau of Industry and Security (BIS) ,
Corporate Counsel ,
Economic Sanctions ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
FinCEN ,
Foreign Direct Product Rule ,
G7 ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Tariffs ,
US Department of State
The Department of Commerce (Commerce), in partnership with the National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA), announced that it was launching a...more
3/8/2023
/ Compliance ,
Department of Transportation (DOT) ,
Failure to Comply ,
FOIA ,
Mandatory Requirements ,
NASA ,
NOAA ,
Outer Space ,
Penalties ,
Regulatory Agenda ,
Surveys ,
Technology Sector ,
U.S. Commerce Department
On February 24, 2023, the U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) and the U.S. Department of Commerce Bureau of Industry and Security (BIS) expanded the scope of trade control measures...more
The U.S. Department of State (State Department) and U.S. Department of Commerce (Commerce Department), have recently previewed, proposed or finalized changes to relevant trade controls. These new regulatory updates include...more
1/18/2023
/ Amended Regulation ,
Bureau of Industry and Security (BIS) ,
Civil Monetary Penalty ,
Directorate of Defense Trade Controls (DDTC) ,
Export Administration Regulations (EAR) ,
Export Controls ,
ITAR ,
National Security ,
Popular ,
Proposed Rules ,
Regulatory Agenda ,
U.S. Commerce Department ,
US Department of State
The U.S. government’s national security and economic priorities around encouraging and adopting innovation is on full display in the soon-to-be-finalized Fiscal Year 2023 National Defense Authorization Act (NDAA). In this...more
12/16/2022
/ Artificial Intelligence ,
Biden Administration ,
Cloud Service Providers (CSPs) ,
Cybersecurity ,
Data Management ,
Department of Defense (DOD) ,
Department of Energy (DOE) ,
Innovation ,
Life Sciences ,
National Security ,
NDAA ,
Popular ,
Regulatory Agenda ,
Technology Sector ,
Trade Relations
On October 7, 2022, the US Department of Commerce Bureau of Industry and Security (BIS) released two rules implementing new export controls on advanced computing and semiconductor manufacturing items in addition to new...more
10/24/2022
/ Artificial Intelligence ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
China ,
Commerce Control List ,
ECCNs ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Investment ,
General Licenses ,
New Rules ,
Supply Chain ,
Technology Sector
On September 29, 2022, Congress passed the SBIR and STTR Extension Act of 2022, renewing the U.S. Small Business Administration’s (SBA) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)...more
10/4/2022
/ CFIUS ,
Cybersecurity ,
Due Diligence ,
Foreign Ownership ,
GAO ,
National Security ,
OSTP ,
Patents ,
Performance Standards ,
Pilot Programs ,
Risk Management ,
SBA ,
SBIRs ,
STTR ,
Transparency
On September 14, 2022, the Office of Management and Budget (“OMB”) issued a memorandum on Enhancing the Security of the Software Supply Chain through Secure Software Development Practices (“OMB Memo”) to help ensure software...more
CFIUS Executive Order Highlights Current Concerns Over Wide Range of Foreign Investments -
On September 15, 2022, President Biden issued an Executive Order (“EO”) on the interagency Committee on Foreign Investment in the...more
9/22/2022
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
China ,
Covered Transactions ,
Critical Infrastructure Sectors ,
Cross-Border Transactions ,
Cybersecurity ,
Executive Orders ,
Export Controls ,
Foreign Investment ,
National Security ,
Popular ,
Supply Chain ,
Technology Sector
On September 9, 2022, the U.S. Commerce Department’s Bureau of Industry and Security (BIS or Commerce) published a rule, sought by tech and telecom companies, and industry organizations, authorizing the release of certain...more
9/12/2022
/ Bureau of Industry and Security (BIS) ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
General Licenses ,
Huawei ,
National Security ,
New Rules ,
Supply Chain ,
Technology Sector ,
Telecommunications ,
U.S. Commerce Department
This alert summarizes the current state of trade measures and restrictions against both Russia and Belarus, following our last update on February 25, 2022....more
3/9/2022
/ Aircraft ,
Belarus ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
ECCNs ,
Economic Sanctions ,
Entity List ,
Executive Orders ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
General Licenses ,
Imports ,
Office of Foreign Assets Control (OFAC) ,
Oil & Gas ,
Russia ,
SDN List ,
U.S. Commerce Department
The United States government, in partnership with allies and partners, issued new and expanded sanctions and trade controls in response to Russia’s continued invasion into Ukraine. These measures followed the sanctions that...more
The United States government, in coordination with the UK and EU, has imposed a round of targeted measures in what could be the first of a series of escalations in response to Russia’s recent actions along the Ukraine...more
2/23/2022
/ Economic Sanctions ,
EU ,
Executive Orders ,
Exports ,
Financial Institutions ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Secondary Markets ,
Sovereign Debt ,
U.S. Treasury ,
UK ,
Ukraine
On October 15, 2021, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued tailored sanctions compliance guidance for those operating in the virtual currency industry, including technology...more
10/21/2021
/ Compliance ,
Corporate Counsel ,
Digital Currency ,
Economic Sanctions ,
Financial Services Industry ,
New Guidance ,
Office of Foreign Assets Control (OFAC) ,
Regulatory Oversight ,
Risk Assessment ,
SDN List ,
Strict Liability ,
U.S. Treasury ,
Virtual Currency
On October 5, 2021, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) published a final rule amending the Export Administration Regulations (EAR) to include new controls on genetic editing software and...more
10/6/2021
/ Biotechnology ,
Bureau of Industry and Security (BIS) ,
CFIUS ,
Commerce Control List ,
Critical Infrastructure Sectors ,
Cross-Border ,
Export Administration Regulations (EAR) ,
Export Controls ,
Final Rules ,
Foreign Investment ,
Life Sciences ,
Research and Development ,
Software
Many companies have a “no ransomware payment” stance until faced with a ransomware attack, especially an attack that causes significant business disruption. At that point, the company may reconsider its stance (or at least...more
9/24/2021
/ Corporate Counsel ,
Crypto Exchanges ,
Cyber Attacks ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Enforcement Actions ,
FBI ,
Guidance Update ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Office of Foreign Assets Control (OFAC) ,
Ransomware ,
Regulatory Oversight ,
Risk Factors ,
Sanctions ,
U.S. Treasury ,
Virtual Currency