On April 9, 2025, exactly one week after the announcement of his “Liberation Day” tariffs, President Trump issued a new Executive Order (“Modifying Reciprocal Tariff Rates to Reflect Trade Partner Retaliation and...more
On April 2, 2025, President Trump signed a new Executive Order (the “Liberation Day EO”) implementing additional tariffs on almost all U.S. trading partners, invoking the International Emergency Economic Powers Act (IEEPA)....more
The month of April will mark the close of the first 100 days of the second Trump administration, in which we have already seen a number of significant trade-related announcements, orders, actions, and retractions come from...more
As part of its ongoing efforts to thwart China's development of advanced computing technologies, the U.S. Department of Commerce's Bureau of Industry and Security (BIS) issued an interim final rule (the IFR) last month that...more
On February 1, 2025, President Trump signed new executive orders targeting Canada, Mexico, and China, implementing the first set of tariffs under his new administration. Citing concerns over human trafficking, illicit drug...more
On December 2, 2024, the Bureau of Industry and Security (BIS) issued a final rule expanding and refining the scope of the Entity List (the “Entity List FR”), as well as an interim final rule building upon the China chip...more
Last week, the U.S. Department of Commerce’s (Commerce) Bureau of Industry and Security (BIS) released a Notice of Proposed Rulemaking (NPRM) outlining a new mandatory reporting requirement for large-scale AI developers and...more
On September 6, 2024, the Bureau of Industry and Security (BIS) issued an interim final rule (the September 6 IFR) implementing new and revised export controls relating to emerging or critical technologies in the fields of...more
On June 12, 2024, ahead of the 2024 G7 Summit, the Biden administration introduced new export controls and sanctions on Russia and Belarus in an effort to limit Russia’s ability to continue its war efforts against Ukraine....more
6/25/2024
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Foreign Policy ,
General Licenses ,
Office of Foreign Assets Control (OFAC) ,
Popular ,
Russia ,
SDN List ,
Ukraine
On October 17, 2023, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued new controls aimed at further slowing China’s development of advanced AI technologies. These new controls, published in two...more
10/23/2023
/ Bureau of Industry and Security (BIS) ,
China ,
Entity List ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Policy ,
General Licenses ,
National Security ,
Technology Sector ,
U.S. Commerce Department
On May 19, 2023, in conjunction with allies at the 2023 G7 Summit, the Biden administration announced several new actions to counter continued Russian aggression in Ukraine that, among other measures, include a significant...more
6/12/2023
/ Biden Administration ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Relations ,
Foreign Trade Regulations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine
In keeping with its recent focus on the crypto asset industry, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced an agreement last week with crypto asset trading platform Poloniex, LLC...more
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a final rule effective March 2, 2023, amending the Export Administration Regulations (EAR) by adding 37 entities to the Entity List, including...more
On October 7, 2022, the Bureau of Industry and Security (BIS) announced a new policy that would continually escalate restrictions on entities that fail to comply with BIS’s end-use verification checks, regardless of whether...more
On October 7, 2022, the Bureau of Industry and Security (BIS) issued a long-awaited interim final rule implementing new export controls on advanced computing chips, computers, and components including new Export Control...more
The U.S. Department of Commerce's Bureau of Industry and Security (BIS) announced an expansion of existing export controls and imposition of additional sanctions against the Russian Federation (Russia) and Belarus in response...more
9/21/2022
/ Belarus ,
Biden Administration ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Financial Transactions ,
Foreign Policy ,
Foreign Trade Regulations ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Ukraine ,
Vladimir Putin
New General License Permits Certain Russia-Related Intellectual Property Transactions -
Last week, the Office of Foreign Assets Controls (OFAC) issued four new general licenses, most notably General License 31, which...more
The U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC or the Treasury) unveiled a new wave of sanctions targeted against Russia, Russian entities, and Russian individuals during the week of April 4, in...more
4/12/2022
/ Banking Sector ,
Banks ,
Bureau of Industry and Security (BIS) ,
Economic Sanctions ,
Export Administration Regulations (EAR) ,
Export Controls ,
Exports ,
Foreign Banks ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
SDN List ,
U.S. Commerce Department
The Biden administration took further action this week to degrade the ability of Belarus and Russia to sustain a military campaign against Ukraine. The measures are the latest in a series of restrictions levied by the U.S. in...more
3/4/2022
/ Bank of Russia ,
Banking Sector ,
Belarus ,
Belarus Sanctions ,
Bureau of Industry and Security (BIS) ,
Defense Sector ,
Export Administration Regulations (EAR) ,
Export Controls ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
U.S. Treasury ,
Ukraine
On February 24, 2022, the United States, in coordination with the European Union, the United Kingdom, Canada, Australia, Japan, and other allies, took further action against Russia and Belarus in response to Russia's invasion...more
New Sanctions Also Authorized on Russian Financial Institutions, Elites, and Sovereign Debt, with UK and EU Sanctions to Follow -
The Biden administration announced measures this week in response to the Russian...more
The U.S. State Department has proposed revisions to multiple sections of the International Traffic in Arms Regulations (ITAR) to remove consideration of citizenships previously held by a foreign person. The State Department's...more
In December 2021, the Court of Justice of the European Union (the CJEU) published a judgment interpreting the European Union's Blocking Regulation....more
In January 2021, President Biden was sworn into office and for the first time in a decade, Democrats assumed control of both chambers of Congress. Notwithstanding these changes, the U.S. government has continued to rely on...more
1/14/2022
/ Belarus ,
Belarus Sanctions ,
Biden Administration ,
China ,
Corporate Counsel ,
Iran ,
Iran Sanctions ,
Office of Foreign Assets Control (OFAC) ,
Russia ,
Sanctions ,
Virtual Currency
On October 21, 2021, the Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule (the rule) implementing expanded export controls on cybersecurity items based on the belief that these items...more