Export Compliance Daily
Oct 16, 2024 · U.S. aerospace firm RTX tapped senior counsel Lara Covington to head the company’s compliance with the deferred prosecution agreements announced last week with DOJ and the SEC, Covington announced on LinkedIn. Covington’s official title will be the executive director of the RTX DPA Compliance Program Office, where she will help “ensure the company successfully meets its obligations” to ...
Export Due Diligence Challenges Causing Companies to Cancel …
Aug 28, 2024 · Some companies are struggling to meet a due diligence threshold set by the U.S. government for sales to foreign suppliers accused of illegal sales to Russia, said Anne van de Heetkamp, vice president of product management for global trade intelligence at Descartes Systems Group.
House Passes Bill to End Export Control 'Loophole' for Chips
Sep 11, 2024 · Sponsors of the cloud measure said Chinese companies have exploited the loophole to get around U.S. export controls on chips and develop artificial intelligence technology for China’s military. "China is our number one geopolitical foe and should have absolutely no way to access and steal American tech for their own nefarious purposes," said Rep. Mike Lawler, R-N.Y., who introduced the bill ...
BIS Asked to Hold off on Cloud Export Controls, Clarify Chip Rules
Feb 5, 2024 · In more than 100 pages of comments recently made public by the Bureau of Industry and Security, businesses asked the administration to refine the chip control parameters that were updated in rules last year, more clearly define what some said are vague terms and definitions, improve the rules’ new chip export notification process, work to convince allies to impose the same measures and ...
BIS Should Require Export Compliance Programs to Include …
Dec 20, 2024 · Despite having “significant authority” to enforce export controls, BIS does not fully use it, enabling chips to continue flowing illegally to Russia and China, says the 32-page report, unveiled by Sen. Richard Blumenthal, D-Conn., the subcommittee’s chair.The document says the agency fails to require chip manufacturers to include specific components in …
Trump Likely to Explore Expanding Export Controls Over Chip …
Nov 15, 2024 · Some Republicans, and at least one former Bureau of Industry and Security official, have called on the U.S. to go beyond its current controls on advanced chips (see 2310170055) to stop China from buying a broader range of older, mature-node semiconductors (see 2311090015).But analysts said broader controls on mature chips likely would only hurt American exporters.
Top ECD Articles You May Have Missed From Last Week
6 days ago · 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 by clicking on the hyperlinked reference number.
BIS Issues New Biotech Export Controls, Asks for Public Comments
5 days ago · The Bureau of Industry and Security is placing new export controls on certain laboratory equipment that can be used for biotechnology purposes that may threaten U.S. national security, the agency said in an interim final rule released this week. Export Compliance Daily combines U.S. export control ...
Estevez Advice to Next BIS Leader: Work With Allies, Don’t …
6 days ago · Estevez, speaking Jan. 14 during an event hosted by the Center for Strategic and International Studies, said negotiating controls with allies is “hard” and that the U.S. and its allies’ “interests don't always align.” But Estevez said diplomacy over the last four years of the Biden administration has helped to convince some trading partners to side with the U.S.
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