The Bureau of Industry and Security is adding new export license requirements for people and entities designated under certain Treasury Department sanctions programs, a move it said will strengthen U.S. financial blocking measures and act as a “backstop” for activities that those restrictions don’t cover.
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The Bureau of Industry and Security recently suspended the export privileges of 10 people for illegally exporting either weapons, ammunition or sensitive documents to Russia, China, Haiti or Mexico.
Michael Rithmire, former director of the Bureau of Industry and Security's Sensors and Aviation Division, joined semiconductor company Lam Research as its global trade director, he announced on LinkedIn last week. Rithmire most recently worked as a part-time consultant with Akin Gump after leaving BIS in September.
The U.S. announced new export controls against Nicaragua this week in response to human rights abuses by the country's government and its support for Russia’s invasion of Ukraine. The measures, outlined in two final rules effective March 15, will put in place stronger Commerce Department export licensing requirements for Nicaragua and add the country to a list of nations maintained by the State Department that generally don’t receive license approvals for controlled defense items.
Although entities on the Treasury and Defense departments’ Chinese military company lists aren't necessarily subject to export controls, it's still very risky to do certain business with them, former Bureau of Industry and Security officials said this week. They said they would advise companies to treat those listed entities as prohibited Chinese military end-users unless they can prove otherwise.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
A new rule released by the Bureau of Industry and Security clarifies certain export controls on radiation hardened integrated circuits -- including computer and telecommunications equipment using those circuits -- and expands the availability for a license exception that can be used to export certain microelectronics under contracts with the U.S. government.
To enhance U.S. and allied restrictions on dual-use exports, the Biden administration’s FY 2025 budget request, unveiled March 11, would provide $223 million for the Bureau of Industry and Security, up 17%, or $32 million, from the FY 2024 enacted level of $191 million, the Commerce Department said.
The Bureau of Industry and Security is drafting a rule that could harmonize its export controls with some parties subject to the Treasury Department’s financial blocking sanctions. BIS completed a round of interagency review March 7 for the final rule, which would impose export restrictions, including end-user controls, on “certain persons identified” on Treasury’s Specially Designated Nationals and Blocked Persons List.