Export Compliance Daily is providing readers with the top 20 stories published in 2023. All articles can be found by searching on the titles or by clicking on the hyperlinked reference numbers.
The Netherlands “partially revoked” an ASML export license that allowed the Dutch chip equipment maker to send certain advanced semiconductor equipment to China, ASML said Jan. 1. The company said it now faces new restrictions on exports of NXT:2050i and NXT:2100i lithography systems to China, which it said will affect a “small number” of customers in the country.
The Market Choice Act, which would end fuel taxes while imposing a carbon tax, was reintroduced in the House of Representatives this month by Reps. Brian Fitzpatrick, R-Pa., and Salud Carbajal, D-Calif. The bill, an acronym for "Modernizing America with Rebuilding to Kickstart the Economy of the Twenty-first Century with a Historic Infrastructure-Centered Expansion Act," would require domestic producers to pay a price for carbon, and also would place a tariff on imports if those countries don't have equivalent carbon taxes. It would provide a rebate to manufacturing exporters and sectors that process ores, soda ash and phosphate. It wouldn't cover mining and fossil fuel extraction.
The Commerce Department published its fall 2023 regulatory agenda for the Bureau of Industry and Security, including proposed rules involving its export controls for semiconductors and semiconductor equipment.
The Commerce Department clarified this week that companies can’t use Chips Act funding to invest in certain new semiconductor facilities in China and other countries of concern, saying some companies may have thought the rules blocked only certain investments in existing facilities.
An executive order signed by President Joe Biden last week gives the U.S. broader authority to sanction financial institutions involved in shipments to Russia, marking a “significant step forward” in holding those foreign banks accountable for helping Moscow buy a range of critical items for its military, senior administration officials said.
Sen. Marco Rubio, R-Fla., is urging the Commerce Department to block exports of chip design software to China’s Brite Semiconductor, which reportedly offers chip design services to six Chinese military suppliers (see 2312130020).
A new executive order scheduled to be signed by President Joe Biden Dec. 22 will give the U.S. new authority to sanction financial institutions that facilitate transactions for companies sending controlled goods to Russia.
A former State Department official who advised on sanctions and money laundering, who also is a co-founder of Sayari Labs, a financial intelligence and commercial data provider, said that Hudson Institute will produce a paper on creating a broad sanctions program for China, complete with the kind of language that would allow it to be executive-order ready.
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.