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Biden Administration International Emergency Economic Powers Act (IEEPA) Today's Popular Updates

Benesch

Update: Reciprocal Tariff “Pause” Deadline Extension and New Duty Rates

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The White House has extended the July 9, 2025, deadline for its “pause” on reciprocal tariffs. An Executive Order released on the evening of July 7 extends this deadline to August 1, 2025....more

WilmerHale

The United States and European Union Offer Sanctions Relief to Post-Assad Syria

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Following the fall of Syria’s Assad regime, the United States and key allies have recently announced sanctions relief with the stated goal of stabilizing Syria under its newly installed leaders. ...more

White & Case LLP

Sanctions move up the agenda for lenders and borrowers

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Compliance with sanctions regimes has been a priority for debt markets. Amid rising geopolitical tensions, the stakes for lenders and borrowers are higher than ever - Intensifying geopolitical tensions and the US...more

Latham & Watkins LLP

US Treasury Department Issues Notice of Proposed Rulemaking on Implementation of Outbound Investment: 5 Key Takeaways

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The proposed regulations would implement President Biden’s Executive Order that restricts certain outbound investments from the US. On June 21, 2024, the US Department of the Treasury (Treasury) issued a Notice of Proposed...more

Benesch

New Statute of Limitations Impacts M&A and International Trade Compliance

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New developments in international trade laws will have tangible and far-reaching impacts on transactions as well as day-to-day business operations.  President Biden’s signing of HR 815 means that once time-barred historic...more

Fenwick & West LLP

Sanctions Violations: New 10-Year Statute of Limitations

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On April 24, 2024, President Biden signed into law an emergency supplemental appropriations law, H.R. 815 (Public Law 118-50), that provides substantial military aid to Ukraine, Israel, and Taiwan and could force the sale of...more

Troutman Pepper Locke

Sanctions Round-up and Possible New Russia Sanctions Triggered by Hostilities Against Ukraine

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The United States, primarily through Presidential action under the statutory authority of the International Emergency Economic Powers Act (“IEEPA”), has empowered the U.S. Department of the Treasury and its Office of Foreign...more

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