The Treasury Department received mixed feedback about its decision to delay new regulations that were set to make investment advisers subject to anti-money-laundering (AML) and countering the financing of terrorism (CFT) requirements, a Biden-era effort that was meant to prevent criminals from hiding money in the U.S. and sanctioned companies from accessing sensitive technology through investments in American firms (see 2509230035 and 2507240021).
The Bureau of Industry and Security released a notice Nov. 10 officially suspending its Affiliates Rule for one year, as expected (see 2510310020). The stay of the rule, which applied Entity List prohibitions to unlisted entities owned at least 50% by companies on the Entity List, takes effect immediately.
The Bureau of Industry and Security released a final rule Nov. 10 removing Chinese affiliates of Arrow Electronics from the Entity List, effective immediately.
The Defense Department will transfer oversight of its defense export functions from its policy head to its acquisition chief as part of a broader bureaucracy streamlining effort, Defense Secretary Pete Hegseth announced Nov. 7.
Allowing Nvidia to sell its B30A chip to China would undermine the Trump administration’s export control strategy and broader technology policy goals, researchers with the Institute for Progress think tank said this week.
The State Department will officially remove its arms embargo against Cambodia under the International Traffic in Arms Regulations, effective Nov. 7, the agency said in a Federal Register notice released this week.
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The U.S. government’s failure to cripple Huawei through export controls shows that it needs a different strategy to counter foreign threats to American technology competitiveness, the Information Technology and Innovation Foundation said in a new report last week. Although the U.S. should still use export controls in certain situations, they should always be applied with allies and used sparingly so as not to use up America’s “technology capital,” the think tank said.
The U.K.’s new trade sanctions enforcement agency warned freight forwarders and carriers this week about their obligation to comply with Russia-related restrictions, saying they risk criminal and civil penalties if they’re not doing enough due diligence to make sure every consignment they deal with complies with U.K. law.
The U.S. should ensure its export controls are not so restrictive that they harm the ability of American computing chip manufacturers to compete internationally, Rep. Rich McCormick, R-Ga., said this week.