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.
The Commerce Department should use its upcoming AI exports program as an opportunity to address export licensing delays within the Bureau of Industry and Security, technology companies and trade groups told the agency in public comments this month.
The U.S. government appears to be focusing more heavily on adding entities to the Pentagon’s Chinese military company list, and Chinese companies are growing increasingly concerned about being added, lawyers said.
Sen. Chris Van Hollen, D-Md., this week criticized the Trump administration’s decision to suspend the Bureau of Industry and Security's 50% rule (see 2510300024) and allow exports of Nvidia H200 chips to China, suggesting the U.S. is sacrificing national security for improved trade relations with China.