On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury (Treasury) issued a new interim final rule (new IFR) significantly limiting the scope of reporting required under the...more
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 March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury (Treasury) significantly limited the scope of reporting required under the Corporate Transparency Act (CTA)....more
Starting today, March 17, 2025, new U.S. regulations impose sweeping restrictions on the importation and sale of connected vehicles (CV) and related components with ties to China and Russia....more
3/17/2025
/ Bureau of Industry and Security (BIS) ,
China ,
Compliance Dates ,
Connected Cars ,
Imports ,
National Security ,
New Regulations ,
Regulatory Agenda ,
Regulatory Requirements ,
Russia ,
Supply Chain
On March 3, 2025, a Michigan federal district court in Small Business Association of Michigan v Yellen, Case No. 1:24-cv-413 (W.D Mich 2025) (SBAM), held that the CTA’s reporting rule is unconstitutional under the Fourth...more
On March 2, 2025, the United States Department of Treasury announced that it will not enforce fines or penalties based on the existing deadlines for reporting beneficial ownership information under the CTA beneficial...more
On February 27, 2025, the U.S. Financial Crimes Enforcement Network (FinCEN) announced that it intends to issue an interim final rule by March 21, 2025, with extended beneficial ownership information reporting deadlines. It...more
On January 23, 2025, the United States Supreme Court (SCOTUS) reversed the U.S. district court’s preliminary injunction staying the Corporate Transparency Act (CTA) and the implementing Reporting Rule in Texas Top Cop Shop v...more
On February 19, 2025, the Financial Crime Enforcement Network (FinCEN) published an updated alert stating that, in view of the Smith district court’s decision lifting its nationwide stay of the CTA reporting rule, “beneficial...more
On February 1, 2025, President Trump declared a national emergency based upon the threat posed by undocumented foreign workers and drugs entering the United States....more
2/5/2025
/ Canada ,
China ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
National Security ,
Tariffs ,
Trade Relations ,
Trade Wars ,
US Trade Policies
Earlier today, President Trump announced that he agreed to delay imposing the additional 25% tariff on Mexican products for 30 days after Mexican President Claudia Sheinbaum promised to send soldiers to the US-Mexican border...more
2/4/2025
/ Canada ,
China ,
Executive Orders ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
International Trade ,
Mexico ,
Tariffs ,
Trade Policy ,
Trump Administration ,
US Trade Policies
Late in the day on December 26, 2024, the United States Court of Appeals for the Fifth Circuit reinstated a nationwide injunction staying enforcement of the Corporate Transparency Act (CTA) and its reporting rules and...more
12/30/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reinstatement ,
Reporting Requirements ,
Stays ,
Time Extensions ,
Vacated
On December 23, 2024, in Texas Top Cop Shop, Inc. v. Merrick Garland, Civil Action No.4:24-CV-478 (5th Cir. 2024), the Fifth Circuit Court of Appeals lifted a nationwide preliminary injunction and stay of the U.S. Corporate...more
12/27/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Transparency Act ,
Department of Justice (DOJ) ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays ,
Time Extensions
During the 2024 U.S. presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs. President Trump may seek to immediately apply levies of up to 20% on all imports, 25% on items from Mexico...more
12/13/2024
/ Canada ,
China ,
Imports ,
Mexico ,
Section 301 ,
Strategic Planning ,
Tariffs ,
Trade Agreements ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily enjoining the Corporate Transparency Act (CTA), 31 U.S.C. §5336 and its implementing...more
During his 2024 presidential campaign, President-elect Donald Trump promised to impose a variety of new tariffs, even without congressional approval, including a 25%-75% tariff rate on Mexican imports, a 60% tariff rate on...more
12/4/2024
/ Canada ,
China ,
Congressional Oversight ,
Export Controls ,
Exports ,
Imports ,
International Emergency Economic Powers Act (IEEPA) ,
Mexico ,
Popular ,
Section 301 ,
State of Emergency ,
Tariffs ,
Trade Act of 1974 ,
Trade Agreements ,
Trade Relations ,
Trading with the Enemy Act ,
Trump Administration ,
United Nations ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR ,
WTO
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
Importers must act swiftly to prepare for new Section 301 tariffs which can apply as soon as August 1, 2024, and for exclusions that expire as soon as June 14, 2024. As predicted in our recent alert USTR May Triple the...more
Importers must begin to prepare for another round of Section 301 tariffs on China-based products, as President Biden and the United States Trade Representative (USTR) will seek to take further action on China tariffs...more
5/17/2024
/ Biden Administration ,
China ,
Electric Vehicles ,
Imports ,
Section 301 ,
Semiconductors ,
Supply Chain ,
Tariffs ,
Trade Relations ,
US Trade Policies ,
USTR
In 2023, U.S. Customs and Border Protection (CBP) heightened enforcement of the Uyghur Forced Labor Prevention Act (UFLPA). The UFLPA established a rebuttable presumption prohibiting the importation of goods mined, produced,...more
2/27/2024
/ China ,
Customs and Border Protection ,
Department of Homeland Security (DHS) ,
Enforcement ,
Forced Labor ,
Human Rights ,
Imports ,
PRC ,
Supply Chain ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
A recent decision by the U.S. Court of International Trade ("USCIT") means that tariffs on imports from China under Section 301 of the Trade Act of 1974 will remain in place for now.
In 2018, the United States imposed...more
Equipped with full funding, U.S. Customs and Border Protection (CBP) now looks to heighten enforcement of the Uyghur Forced Labor Prevention Act (UFLPA) with automotive suppliers squarely in sight....more
2/24/2023
/ Biden Administration ,
China ,
Customs and Border Protection ,
Forced Labor ,
Goods or Services ,
Human Rights ,
Importers ,
Imports ,
Supply Chain ,
Trade Restrictions ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
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
Broad U.S. export controls and sanctions recently imposed on Russia, Belarus and specific areas of Ukraine may impact companies with international exposure to these regions, including but not limited to industries such as...more
3/16/2022
/ Asset Freeze ,
Belarus ,
Biden Administration ,
Blocked Entities ,
Blocked Person ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
Ukraine
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