Companies Should Take Following Law 'Seriously," Lawmaker Says After Seagate Fine
Sen. Roger Wicker, R-Miss., said companies should make sure they comply with national security-related trade restrictions following the Bureau of Industry and Security's record $300 million fine against Seagate Technology for violating export controls against Huawei (see 2304190071). “Our national security interests are being threatened by Communist China, and companies need to take this situation seriously by following the law,” said Wicker, who led Senate Republicans two years ago in producing a report that urged BIS to penalize Seagate for violating the controls (see 2110260040).
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“I was glad to lead an investigation at @SenateCommerce that helped expose this violation,” Wicker said in an April 19 tweet. “As I said when the @SenateCommerce report was released, we have to be more vigilant when it comes to protecting critical supply chain components from foreign threats.”