The Bureau of Industry and Security is working on another rule to address some of the comments it received from its updated semiconductor export controls released in October (see 2310170055), said Sharron Cook, a senior BIS export policy analyst.
An Oregon-based forwarding company will face a three-year export denial order after it failed to adhere to a 2021 settlement agreement with the Bureau of Industry and Security and continued to violate U.S. export regulations.
The next administration should look to raise criminal penalties for trade theft, broaden the scope of the Committee on Foreign Investment in the U.S. and refocus its export controls on military technologies to better compete with China, the Information Technology and Innovation Foundation said this week. ITIF also said the U.S. should push for a new “techno-economic alliance” of key trading partners and develop a new multilateral export control regime focused on semiconductors and artificial intelligence.
Senate Foreign Relations Committee Chairman Sen. Ben Cardin, D-Md., said June 13 that he has made substantial progress in putting together a major China bill since he disclosed several months ago that he was developing such legislation.
The Biden administration announced June 12 that it is taking additional measures to degrade Moscow's war machine, including sanctioning more than 300 entities and people in Russia and other countries and implementing several new export restrictions, including adding five entities and eight addresses to the Entity List.
The European Commission on June 12 provisionally set countervailing duties on Chinese electric vehicles, though there could still be changes before the provisional rates are posted, no later than July 4. The day after the publication, importers would need a guarantee to cover the amount of duties, but the duties themselves would not be collected until the definitive duties are set, which could be as much as four months later. If a majority of countries in the EU vote against the duties, they wouldn't be levied.
The Biden administration this week will announce a new set of export controls and sanctions aimed at impeding Russia’s ability to continue fighting Ukraine, National Security Council spokesperson John Kirby said June 11.
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The Bureau of Industry and Security's April rule to reduce certain export license requirements for Australia and the U.K. should incorporate some minor changes to clarify what types of exports are covered, the Aerospace Industries Association said in comments to the agency. AIA also asked BIS to clarify whether the new rules will include a transition period and to make sure the changes will be reflected in export filing requirements.
The nearly 700 companies that the Bureau of Industry and Security has flagged for potentially sending export controlled goods to Russia include foreign suppliers in China, Turkey, India and others across Asia, Europe, Africa and the Middle East, according to a list obtained by Export Compliance Daily.