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 …
Chip Industry Calls on Trump, Congress to Reassess Biden's Export ...
3 hours ago · In a set of policy recommendations for the new administration and the Republican-controlled Congress, the Semiconductor Industry Association this month said the U.S. should …
Trump Calls for Study of Export Control Loopholes, Orders …
1 day ago · President Donald Trump took several steps during his first day in office to reverse, delay or scrutinize trade- and sanctions-related actions introduced by the Biden administration, …
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 …
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 …
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 …
RTX Gets Record $200M Penalty for Unauthorized Exports, …
Sep 3, 2024 · Defense firm RTX Corp. will pay $200 million to settle alleged violations of U.S. defense export controls, the largest standalone export penalty ever issued by the State …
BIS Codifies VSD Policies, Removes Caps on Non-Egregious Base …
Sep 13, 2024 · The changes, effective Sept. 16, are “important steps in institutionalizing” the host of enforcement updates spearheaded by Matthew Axelrod, the BIS assistant secretary for …
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 …
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 …