The Bureau of Industry Security seeks comments by May 13 on the burden on importers from certain information collections for products subject to Export Administration Regulation export controls, it said. The agency is set to request approval from the Office of Management and Budget for these information collection requirements, which include classification, advisory and license applications and commodity classification requests.
The Bureau of Industry and Security seeks comments on the burden of its collection of information on defense offset agreements, it said in a notice. By law, U.S. companies must tell Commerce about offset agreements worth more than $5,000,000 associated with sales of weapons defense equipment to foreign countries or firms. Offsets, which are “required by most major trading partners when purchasing U.S. military equipment,” are industrial or commercial compensation practices in sales of defense articles or services under the Arms Export Control Act and the International Traffic in Arms regulations. Comments on the burden and ways to improve the information collection are due May 13.
Export Compliance Daily is providing readers with some of the top stories for March 5-8 in case they were missed.
A State Department policy change that lifts statutory debarments on companies that have export privileges still banned is a practical step toward rewarding past violators who aren't yet ready for complete reinstatement, lawyers say. The policy change, announced in a March 4 notice, came as State lifted a debarment against Colorado-based Rocky Mountain Instrument Company (RMI) -- stemming from 2010 violations of the Arms Export Control Act -- without reinstating RMI’s export privileges.
The Office of Foreign Assets Control added an entity to its Specially Designated Nationals List, with a Venezuela-related designation, OFAC said in a March 11 notice. The entity, Evrofinance Mosnarbank, is associated with a Moscow address in Russia, according to the notice, and is linked to Petroleos de Venezuela, the Venezuelan state-owned and U.S.-sanctioned oil company.
The Bureau of Industry and Security will hold its annual “Update” Conference on Export Controls and Policy in Washington on July 9-11, it said in an emailed update. “This major outreach activity draws business and government representatives from around the world to learn and exchange ideas about export control issues,” it said. “The 2019 BIS Annual Conference will be at the Marriott Marquis Hotel. Conference room rates, detailed registration and program information will be provided as it becomes available.”
During a March 11 program billed as an information session on upcoming export controls on emerging technologies, Department of Commerce officials were unable to give in-depth details, pointing to delays caused by the recent partial federal government shutdown and an overwhelming number of public comments.
The Treasury Department's Office of Foreign Assets Control amended two general licenses related to Venezuelan sanctions, OFAC said in a March 8 notice, extending the expiration date of provisions allowing transactions that involve the “wind down of certain financial contracts” with Venezuela. The first general license includes a provision that permits the divestment or transfer of Venezuelan-related bonds as long as the trades were placed before 4 p.m. on Feb. 1. The second general license allows “facilitating, clearing, and settling transactions” involving divestiture of holdings in Petroleos de Venezuela, the U.S.-sanctioned Venezuelan oil company, for all transactions that were placed before 4 p.m. on Jan. 28. Both authorizations are permitted only if divestments or transfers are made to a non-U.S. person, OFAC said. Transactions are authorized until May 10.
Work continues at CBP on its electronic pre-departure export manifest system, which the agency sees as a necessary precondition before the post-departure Automated Export System filing program is brought back, said Jim Swanson, CBP director-cargo and conveyance security and controls, in an interview. CBP is working on operational benefits for carriers to ramp up participation in its pilots in the ocean, rail and air modes, and hopes to move forward with truck pre-departure manifest next year, Swanson said.
Export licenses issued by United Kingdom authorities will no longer be valid for dual-use exports from the European Union if the U.K. leaves the EU with no deal on March 29, the U.K. Department for International Trade said in a guidance document issued March 6. The same goes for licenses issued by other EU member states, which after a no-deal Brexit could no longer be used to export dual use items from the U.K., the guidance said.