On Wednesday, former President Donald Trump was projected to retake the White House and become the United States’ 47th president. The Senate is also projected to be Republican controlled; the House of Representatives remains too close to call.
Based on insights from his first administration and his campaign promises, the following are a few key
On October 28, 2024, the U.S. Department of the Treasury issued its long-awaited final rule (Final Rule) implementing an outbound investment security program. Stemming from Executive Order 14105 (Outbound Order), the new program targets U.S. investment in China, Hong Kong, and Macau related to a defined set of technologies and products that pose
The Bureau of Industry and Security (BIS) is seeking comments on a proposed rule that would prohibit transactions involving Vehicle Connectivity System (VCS)[1] hardware and covered software designed, developed, manufactured, or supplied by persons owned by, controlled by, or subject to the jurisdiction of China (including Hong Kong) or Russia. Comments will be due
On August 9, 2023, President Biden issued his much anticipated executive order on outbound U.S. investment in China, Hong Kong, and Macau (dubbed “reverse CFIUS”). The Treasury Department simultaneously released an advance notice of proposed rulemaking (ANPRM) related to the order. Public comments on the ANPRM will be accepted until September 28. The final rule
The U.S Department of Commerce recently released the first of three expected Notices of Funding Opportunities under the CHIPS and Science Act of 2022. This act aims to develop the domestic semiconductor supply chain, provide jobs, restore the country’s leadership in semiconductor manufacturing, and advance U.S. national and economic security.
In our latest alert, found on reedsmith.com
Amid heightened tensions between the U.S. and China, the Ministry of Commerce of the People’s Republic of China recently announced measures to add Lockheed Martin Corporation and Raytheon Missiles & Defense to its Unreliable Entity List, which, amongst other things, bars both U.S. companies from import and export trade with China and any new investment
The Department of Justice (DOJ) and the Department of Commerce announced the creation of a joint Disruptive Technology Strike Force on February 16, 2023. The strike force will be co-led by the assistant attorney general for the DOJ’s National Security Division and the assistant secretary for export enforcement at the Bureau of Industry and Security.
The Bureau of Industry and Security (BIS) has implemented new, unilateral export controls to restrict China’s ability to manufacture advanced semiconductors, obtain high-performance chips, and develop and maintain supercomputers.
Continue Reading China’s access to semiconductors and high-performance chips restricted by BIS
The Committee on Foreign Investment in the United States (CFIUS or the Committee) released its first-ever enforcement and penalty guidelines.
Continue Reading What you should know: CFIUS penalty guidelines make cross-border transactions more complex
On October 6, 2022, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) made four enhancements to its anti-boycott enforcement.
Continue Reading U.S. anti-boycott laws: companies’ foreign subsidiaries face enforcement clampdown