Trade and Manufacturing Monitor
Update on Biden Administration's Supply Chain Resiliency Evaluation - Public Comment Period and Virtual Forum Announced
As discussed earlier this month here, President Biden issued Executive Order 14017 (“EO 14017”) establishing a wide-ranging evaluation of America’s supply chains that will take place over the next twelve months. This…
BIS eliminates most reporting requirements for open source and mass market encryption
Today, the Bureau of Industry & Security (BIS) is amending the Export Administration Regulations (EAR) to eliminate most reporting requirements related to open source encryption software and certain “mass market”…
OFAC Sanctions Two Military Holding Companies With Large Influence Over Burmese Economy
Today, the U.S. Department of the Treasury’s Office of Foreign Asset Control (“OFAC”) further escalated sanctions on Burma by adding two large Burmese military holding companies to its List of Specially Designated…
Recent OFAC Settlement Highlights Due Diligence Expectations When Selling to Intermediaries
Last week, the Office of Foreign Assets Control (OFAC) announced a settlement agreement with UniControl, Inc. (UniControl or "the company”) for shipping goods to European trading partners when UniControl knew or should…
Biden Administration to Evaluate Critical U.S. Supply Chains for Resiliency
On February 24, 2021, President Biden issued Executive Order 14017 (“EO 14017”) establishing a wide-ranging evaluation of America’s supply chains that will take place over the next twelve months. The assessment will…