The Bureau of Industry and Security on Dec. 15 suspended the export privileges of six people after they were convicted of export-related offenses, including illegal shipments involving guns to Mexico, dual-use parts to Russia, items to Chinese companies on the Entity List, and more. The suspensions took effect from the date of their convictions.
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 clicking on the hyperlinked reference number.
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.
The Office of Foreign Assets Control this week removed two Russians from its Specially Designated Nationals List that it had originally sanctioned for either helping to provide Russia with export controlled items or for operating in Russia's technology sector.
Reps. Max Miller, R-Ohio, and Jefferson Shreve, R-Ind., introduced a bill Dec. 1 that would broaden the authority of the Bureau of Industry and Security to place companies on its Entity List.
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 clicking on the hyperlinked reference number.
The Bureau of Industry and Security shouldn't expect freight forwarders and logistics providers to carry out the same level of 50% rule due-diligence as exporters, which have much more visibility into the products being shipped and are better positioned to make sure they comply with the new regulations, logistics companies and trade groups told BIS in public comments released this month.
The Bureau of Industry and Security needs more resources to address the surge in export license applications that’s expected if its new 50% rule comes back into effect with no changes, industry groups said, adding that otherwise, the agency risks severely delaying or pausing large volumes of trade.
Sen. Rick Scott, R-Fla., and Senate Banking Committee ranking member Elizabeth Warren, D-Mass., introduced a bill last week that would require the Bureau of Industry and Security to conduct a competitive market review of applications to export items to entities on the agency’s Entity List.
Rep. Michael McCaul, R-Texas, chairman emeritus of the House Foreign Affairs Committee, said Nov. 20 that he plans to introduce a bill to place subsidiaries on the Bureau of Industry and Security’s Entity List if they're owned 50% or more by companies on that list.