Pull quote: “Every export—every single one—has a related financial transaction”
You are a banker. You do bankery things. You look at the ledgers, you tot up the numbers, you manage the accounts. Maybe you make loans,...more
On July 29, 2024, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) proposed a series of transformative new rules aimed at tightening controls related to military, intelligence, and security activities...more
On June 28, 2024, in a landmark decision, the Supreme Court overruled the four decade old case Chevron v. Natural Resources Defense Council. This pivotal decision should spur businesses to recalibrate their existing...more
8/1/2024
/ Administrative Procedure Act ,
Chevron Deference ,
Chevron v NRDC ,
Cybersecurity ,
Government Agencies ,
Judicial Authority ,
Loper Bright Enterprises v Raimondo ,
Popular ,
SCOTUS ,
Statutory Authority ,
Statutory Interpretation
Effective July 10, 2024, President Biden issued two Presidential Proclamations aimed at refining the tariff exclusions under Section 232 of the Trade Expansion Act of 1962 for steel and aluminum imports from Mexico. Together,...more
For companies in the U.S. that hold certain personal data and U.S. Government-related data, rules stemming from recent Executive Order (“EO”) 14117 on “Preventing Access to Americans’ Bulk Sensitive Personal Data and United...more
The Biden Administration recently issued an Executive Order aimed at protecting American’s sensitive information and certain US Government data from threats posed by foreign actors. Of note is the Order’s focus on data...more
4/25/2024
/ Biden Administration ,
Cybersecurity ,
Data Brokers ,
Data Privacy ,
Department of Justice (DOJ) ,
Executive Orders ,
Export Controls ,
National Security ,
Personal Data ,
Privacy Laws ,
Prohibited Transactions
On March 29, 2024, BIS issued an interim final rule (IFR) updating and correcting its advanced computing and semiconductor regulations published in October 2023 (which we discuss here in Episode III). This marks the third...more
Author and futurist Peter Zeihan recently asserted that President Joe Biden has presided over “the most protectionist administration the United States has had in at least a century.” And Donald Trump reportedly plans to...more
4/5/2024
/ Anti-Dumping Duty ,
Countervailing Duties ,
Customs and Border Protection ,
Donald Trump ,
EU ,
Export Controls ,
Exports ,
Free Trade Agreements ,
Imports ,
Investment ,
Joe Biden ,
Supply Chain ,
Tariffs ,
Trade Relations
To kick off the New Year, Sheppard Mullin’s Governmental Practice Cybersecurity & Data Protection Team has prepared a cybersecurity-focused 2023 Recap (including links to all of the resources the team has put out over the...more
To kick off the New Year, Sheppard Mullin’s Governmental Practice Cybersecurity & Data Protection Team has prepared a cybersecurity-focused 2023 Recap (including links to all of the resources the team has put out over the...more
2/9/2024
/ Cloud Computing ,
Cybersecurity ,
Cybersecurity Maturity Model Certification (CMMC) ,
Data Protection ,
Data Rights ,
Data Security ,
Department of Defense (DOD) ,
Enforcement Actions ,
Federal Contractors ,
FedRAMP ,
Fraud ,
Privacy Laws ,
Software
The Department of Defense published a much-anticipated Proposed Rule at the end of last year for its Cybersecurity Maturity Model Certification program. The proposed rule is our first comprehensive look at the latest...more
Grants and tax credits, who doesn’t love them? The Bipartisan Infrastructure Law (BIL) is full of them, and, recent Department of Energy (DOE) Notification of a Proposed Interpretive Rule provides guidance on who will get to...more
1/15/2024
/ Automated Transportation ,
Batteries ,
Clean Energy ,
Department of Energy (DOE) ,
Electric Vehicles ,
Energy Sector ,
Foreign Entities ,
Manufacturers ,
Office of Foreign Assets Control (OFAC) ,
Proposed Rules ,
Renewable Energy ,
SDN List ,
Supply Chain
Well, the wait is over. Just as 2023 came to a close, on December 26, 2023, the Department of Defense (“DoD”) published the much-anticipated Proposed Rule for the DoD’s Cybersecurity Maturity Model Certification (“CMMC”)...more
1/3/2024
/ Certification Requirements ,
Comment Period ,
Controlled Unclassified Information (CUI) ,
Cybersecurity ,
Cybersecurity Maturity Model Certification (CMMC) ,
DCMA ,
Defense Contracts ,
Defense Sector ,
Department of Defense (DOD) ,
DFARS ,
Federal Contractors ,
Proposed Rules
On December 22, 2023, President Biden signed a new Executive Order (E.O. 14114) containing the latest round of sanctions against the Russian Federation. Shortly thereafter, Treasury Secretary Janet Yellen stated that the...more
Export controls are the manifestation of foreign, economic, and national security policy, and the implementation of policy requires dynamic adjustment, a back-and-forth, a balance. So. on December 7, 2023, amid the tightening...more
On November 21, 2023, the U.S. Office of Foreign Assets Control (OFAC) announced its largest settlement in history with the virtual currency exchange Binance. This almost-billion dollar settlement is a part of a larger...more
11/27/2023
/ Anti-Money Laundering ,
CFTC ,
Civil Monetary Penalty ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Department of Justice (DOJ) ,
Economic Sanctions ,
Enforcement Actions ,
FinCEN ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Sanction Violations ,
Settlement ,
Virtual Currency