A U.S. federal court declined a request from a Cayman Islands energy firm to preemptively block it from being sanctioned by the Office of Foreign Assets Control, saying the company failed to point to a statute that would give the court this power.
The Trump administration plans to convene early next year to try to better organize its approach to AI diffusion and export controls over AI semiconductors, said Paul Triolo, the technology policy lead at advisory firm Albright Stonebridge Group.
The State Department is finalizing and making several changes to a 2024 AUKUS rule that created an exemption for defense trade among the U.S., Australia and the U.K., including one change that will create a new and separate exemption for exports to support the armed forces of the three nations. The agency also used the final rule to respond to a host of public comments from the 2024 change, declining several recommendations to limit the scope of the Excluded Technology List and providing more guidance about how the Directorate of Defense Trade Controls treats expedited licensing, who qualifies as an authorized user, and more.
The Bureau of Industry and Security needs to be brought into the U.S. intelligence community and receive a boost in staff and resources to better manage its expanding workload, two commissioners with the U.S.-China Economic and Security Review Commission said.
Companies in the U.S. and the EU are increasingly being asked by Chinese business partners to certify that they’re not exporting rare earths in violation of Chinese export restrictions, including in some cases through post-shipment audits, lawyers said.
The top Democrats on the oversight committees for the Bureau of Industry and Security are asking the agency for information about the Trump administration's plan to approve Nvidia H200 chip exports to China, including license applications, supporting documents and more.
Recently introduced bills that could codify aspects of the Bureau of Industry and Security's suspended 50% rule show that lawmakers may be moving toward giving BIS more Entity List authority, said Ashley Roberts, a trade and national security lawyer with Hogan Lovells.
The U.S. needs to significantly improve its enforcement of Russia sanctions, especially against the country’s shadow fleet and oil industry, said Sen. Sheldon Whitehouse, D-R.I., and other speakers at a Brookings Institution event this week.
Nearly 21,000 companies could be affected by new export license requirements if the Bureau of Industry and Security reinstates its 50% rule, also known as the Affiliates Rule, financial services company Moody's said this week.
A U.S. cryptocurrency trading software company this week agreed to pay more than $3 million to resolve allegations that it helped customers in Iran illegally access digital asset exchanges by suggesting they use virtual private networks to hide their location, violating U.S. sanctions.