Senator Cornyn made the above statement on the Senate floor on November 14, 2023, while advocating for his colleagues to pass the Outbound Investment Transparency Act as part of the 2024 National Defense Authorization Act...more
2/3/2025
/ Advanced Notice of Proposed Rulemaking (ANPRM) ,
CFIUS ,
China ,
Economic Sanctions ,
Export Controls ,
FIRRMA ,
Foreign Direct Investment ,
Foreign Investment ,
Foreign Policy ,
Investment ,
Investors ,
National Security ,
NDAA ,
Technology Sector ,
Transparency
The Committee on Foreign Investment in the United States (“CFIUS” or “the Committee) is an interagency body of the U.S. government that plays a critical role in safeguarding national security by reviewing foreign investments...more
The practice of determining an item’s country of origin (“COO”) and utilizing the principal of “substantial transformation” to help make this determination is likely a familiar concept for many U.S. importers in the context...more
The use of forced labor, child labor, or modern slavery practices (collectively “forced labor”) in supply chains is not a new problem in the international trade world; however, many companies remain unaware of forced labor...more
7/29/2024
/ Child Labor ,
Corporate Governance ,
Corporate Social Responsibility ,
Due Diligence ,
Forced Labor ,
Internal Controls ,
International Trade ,
Jurisdiction ,
Policies and Procedures ,
Popular ,
Reporting Requirements ,
Risk Management ,
Supply Chain
On May 22, 2024, the United States Trade Representative (“USTR”) announced the publication of a Federal Register Notice (“the FRN”) setting forth additional and increased Section 301 tariffs for specific Harmonized Tariff...more
The U.S. agencies most well-known for their enforcement of U.S. trade and national security laws are the Bureau of Industry and Security (“BIS”), the Directorate of Defense Trade Controls (“DDTC”), the Office of Foreign...more
Ensuring compliance with U.S. export controls, import regulations, and economic sanctions is common practice for companies that engage in international trade. These companies often have internal compliance policies and due...more
The discovery of actual or potential International Traffic in Arms Regulations (“ITAR”) violations presents the question of whether to disclose the conduct to the Department of State Directorate of Defense Trade Controls...more
In this week’s episode, host Camille Edwards is joined by Donald Pearce, a former special agent at OEE and consultant with Torres Trade Advisory, to discuss current developments in the enforcement of trade controls against...more
From tariffs on dairy and solar products to rules of origin for automobiles, the three parties to the United States-Mexico-Canada Agreement (“USMCA”) have disagreed on a variety of issues since the agreement came into force...more
The United States-Mexico-Canada-Agreement (“USMCA” or the “Agreement”) was formed to promote growth in North American trade in a way that is beneficial to each of the state parties to the Agreement. However, as with any...more
On February 7, 2023, the U.S. Department of Justice (“DOJ”) announced that settlements and judgements under the False Claims Act (“FCA”) exceeded $2 billion for the 2022 fiscal year. The 2022 fiscal year also had the...more
The U.S. Department of Commerce Bureau of Industry and Security (“BIS”) is cracking down on foreign governments that prevent the end-use checks the BIS uses to ensure compliance with Export Administration Regulations (“EAR”)....more
12/8/2022
/ Bona Fide Purchaser ,
Bureau of Industry and Security (BIS) ,
End-Users ,
Enforcement Actions ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Governments ,
General Licenses ,
National Security ,
New Rules ,
Trade Policy