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.
Reps. Sydney Kamlager-Dove, D-Calif., ranking member of the House Foreign Affairs Subcommittee on South and Central Asia, which oversees the Bureau of Industry and Security, and Raja Krishnamoorthi, D-Ill., ranking member of the House Select Committee on China, introduced a bill Nov. 7 that would prohibit the executive branch from charging fees for export licenses.
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 U.S. decision to suspend the Bureau of Industry and Security's 50% rule was met with both relief and exasperation by U.S. exporters, some of whom welcomed more time to prepare while also expressing frustration with the time and resources they already spent trying to comply, including buying expensive screening software.
The Commerce Department again renewed a temporary export denial order for Mahan Airways, saying that the Iranian airline continues to violate the order and the Export Administration Regulations. In its Oct. 31 notice, Commerce said Mahan, which has been on the banned list since 2008, has continued flights between Iran and Russia, China and Pakistan in violation of U.S. export controls. BIS extended the denial order for one year.
The U.S. will suspend the Bureau of Industry and Security’s 50% rule for one year in exchange for Beijing postponing its export restrictions on rare earths for one year, the two sides announced Oct. 30.
The Trump administration has signaled that it may not waste time in enforcing the Bureau of Industry and Security’s new 50% rule, said Gavin Proudley, head of third-party risk proposition at Dow Jones, during the International Compliance Professionals Association's fall conference this week in Texas.
It seems unlikely that the Bureau of Industry and Security could withdraw its new 50% rule either due to industry pushback or as part of trade negotiations with China, said Matt Axelrod, the former BIS export enforcement chief.
A former State Department analyst on export control and sanctions evasion under President Joe Biden and a former National Security Council director for China under President George W. Bush agreed that the Bureau of Industry and Security's 50% rule was not fully thought through before its announcement.
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.