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The Commerce Department’s fall 2024 regulatory agenda for the Bureau of Industry and Security features a host of new rules that could soon update U.S. export controls, including restrictions on aircraft engines, biological equipment and reporting requirements for certain weapons sales, AI chips.

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The State Department’s Directorate of Defense Trade Controls is revising its trade regulations to add and remove items from the U.S. Munitions List and to clarify the control scope of others. The changes, outlined in an interim final rule released Jan. 16 and effective Sept. 15, include new defense articles that DDTC said should be subject to export controls under the International Traffic in Arms Regulations and delete others “that no longer warrant inclusion” or that will soon become subject to the Commerce Department’s licensing jurisdiction.

The Office of Foreign Assets Control fined a Miami-based real estate firm and its owner more than $1 million after the agency said they helped two sanctioned Russian oligarchs transfer their luxury condominiums to their non-sanctioned family members. The firm, Family International Realty LLC, “engaged in a willful scheme” to evade U.S. sanctions against Russia, OFAC said, and earned about $180,000 in commission fees for helping to manage the properties.

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Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.

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People in the News

January 15, 2025
Trade Consultant John Goodrich Retires

John Goodrich, founder of trade compliance consultancy J.D. Goodrich and Associates, retired as of Jan. 1, according to his LinkedIn profile. The company’s website says that it’s no longer taking new clients.

CSIS Taps State Dept. Official to Be New International Business Chair

Philip Luck is leaving his role as the State Department’s deputy chief economist to become the new Scholl Chair in International Business at the Center for Strategic and International Studies, the think tank announced this week. Luck will focus on “issues at the intersection of economics and national security planning,” CSIS said, including U.S. technology competition and supply chain resilience. He will replace outgoing chair Bill Reinsch, a former Bureau of Industry and Security official during the Bill Clinton administration, who will continue to do research at CSIS.

No. 2 Treasury Official Named Columbia Fellow

Former Deputy Treasury Secretary Wally Adeyemo has left the Treasury Department to begin new fellowship roles with Columbia University’s Institute of Global Politics and Center on Global Energy Policy, the school announced on LinkedIn. As Treasury’s top official under Secretary Janet Yellen, Adeyemo helped oversee the Biden administration’s implementation of sanctions against Russia, the price cap on Russian oil, and more.

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