Today, April 8, 2025, the U.S. Department of Justice’s Final Rule restricting transfers of bulk sensitive personal data and U.S. government-related data becomes effective, implementing former President Biden’s Executive Order...more
4/8/2025
/ Biden Administration ,
China ,
Cuba ,
Data Collection ,
Data Privacy ,
Department of Justice (DOJ) ,
Executive Orders ,
Final Rules ,
Government Agencies ,
International Data Transfers ,
National Security ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Penalties ,
Personal Data ,
Russia ,
Sensitive Personal Information ,
Venezuela
On January 2, 2025, the U.S. Department of the Treasury’s Final Rule on outbound investment screening became effective. The Final Rule implements Executive Order 14105 issued by former President Biden on August 9, 2023, and...more
1/22/2025
/ Artificial Intelligence ,
Biden Administration ,
China ,
Executive Orders ,
Final Rules ,
Foreign Investment ,
Investment ,
National Security ,
Outbound Transactions ,
Prohibited Transactions ,
Semiconductors ,
Technology Sector ,
U.S. Treasury
The United States Trade Representative (USTR) published a Federal Register notice detailing its final modifications to the Section 301 tariffs on China-origin products....more
9/30/2024
/ Batteries ,
China ,
Electric Vehicles ,
Importers ,
Imports ,
Lithium Batteries ,
Medical Devices ,
Plastic Solar Cells ,
Section 301 ,
Semiconductors ,
Supply Chain ,
Tariffs ,
US Trade Policies ,
USTR
The Public Company Accounting Oversight Board (PCAOB) announced on August 26, 2022, that it has signed a Statement of Protocol (SOP) Agreement with the China Securities Regulatory Commission (CSRC) and China’s Ministry of...more
9/9/2022
/ Accounting ,
Accounting Standards ,
Auditors ,
China ,
China Securities Regulatory Commission (CSRC) ,
Government Investigations ,
Hong Kong ,
Inspections ,
Internal Audit Functions ,
PCAOB ,
Public Accounting Oversight Board ,
Publicly-Traded Companies
On March 23, 2022, the Office of the United States Trade Representative ("USTR") announced its determination ("Determination") to reinstate 352 of the 549 eligible previously granted, extended, and later expired Section 301...more
President Biden has signed an Executive Order effective August 2, 2021, affirming and expanding U.S. policy restricting the purchase and sale of publicly traded securities of listed Chinese companies with a nexus to China's...more
7/15/2021
/ Biden Administration ,
China ,
Defense Sector ,
Economic Sanctions ,
Executive Orders ,
Foreign Investment Fund ,
Foreign Policy ,
Human Rights ,
Investors ,
Office of Foreign Assets Control (OFAC) ,
Prohibited Transactions ,
Securities Transactions ,
Surveillance
This alert addresses recent developments relating to former President Trump's executive orders on Chinese Military Companies that affect both investors in covered securities and exporters.
OFAC's Frequent Asked Questions -...more
The Holding Foreign Companies Accountable Act (Act), which was signed into law by President Trump on December 18, 2020, amends the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley) and requires the Securities and Exchange...more
12/30/2020
/ Amended Legislation ,
Audits ,
China ,
Corporate Governance ,
Foreign Corporations ,
Government Entities ,
New Legislation ,
PCAOB ,
Publicly-Traded Companies ,
Sarbanes-Oxley ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
On December 23, 2020, the U.S. Department of Commerce Bureau of Industry and Security (BIS) issued the anticipated list of designated military end users (MEU List) under Section §744.21 (MEU Rule) of the Export Administration...more
12/29/2020
/ Bureau of Industry and Security (BIS) ,
China ,
Department of Defense (DOD) ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Military End Use ,
National Security ,
NDAA ,
Russia ,
U.S. Commerce Department
On November 12, 2020, President Trump issued an executive order (the "Order") prohibiting United States persons from investing in publicly traded securities of any person designated by the Secretary of Defense or the...more
11/18/2020
/ China ,
Defense Sector ,
Department of Defense (DOD) ,
Divestment ,
Foreign Investment ,
International Emergency Economic Powers Act (IEEPA) ,
National Security ,
NDAA ,
Publicly-Traded Companies ,
Trump Administration ,
US Trade Policies
The Office of the United States Trade Representative ("USTR") has published a notice in the Federal Register announcing the formal procedures for requests to exclude particular products pertaining to List 3 Chinese-origin...more
The U.S. Trade Representative ("USTR") has announced an increase from 10% to 25% in the Section 301 tariff rate on approximately $200 billion USD worth of "List 3" Chinese imports. The List 3 tariff increase, published in a...more