The Office of Foreign Assets Control issued a new general license this week that authorizes certain transactions with three aircraft that had been blocked under the Belarus Sanctions Regulations. The license, which has no expiration date, authorizes transactions with:
Texas resident Mohammed Aldalki is suing the Bureau of Industry and Security and CBP, alleging that they illegally detained his 2021 Mercedes before it could be exported to Jordan.
Rep. Ben Cline, R-Va., on Oct. 31 introduced a companion to a Senate bill aimed at ensuring that the Bureau of Industry and Security and the State Department’s Directorate of Defense Trade Controls can continue processing license applications for firearms exports during a lapse in government appropriations (see 2510310048). Cline’s measure was referred to the House Judiciary and Foreign Affairs committees.
Sen. Jim Risch, R-Idaho, introduced a bill Oct. 30 that seeks to ensure that the Bureau of Industry and Security and the State Department’s Directorate of Defense Trade Controls can continue processing license applications for firearms exports during a lapse in government appropriations. The Firearm Access During Shutdowns Act, which also would apply to federal agencies that handle domestic sales, was referred to the Senate Judiciary Committee.
Sen. Tom Cotton, R-Ark., urged the Commerce Department on Oct. 30 to support Malaysia’s new efforts to prevent the country from being used to smuggle export-controlled U.S. chips to China.
The U.S. decision to suspend the Bureau of Industry and Security's 50% rule was met with both relief and exasperation by U.S. exporters, some of whom welcomed more time to prepare while also expressing frustration with the time and resources they already spent trying to comply, including buying expensive screening software.
The U.S. will suspend the Bureau of Industry and Security's 50% rule, known as the Affiliates Rule, for one year starting Nov. 10, the White House said in a fact sheet released Nov. 1. The supension was negotiated during trade talks between U.S. and Chinese officials this past week.
The U.S. will suspend the Bureau of Industry and Security’s 50% rule for one year in exchange for Beijing postponing its export restrictions on rare earths for one year, the two sides announced Oct. 30.
The Trump administration has signaled that it may not waste time in enforcing the Bureau of Industry and Security’s new 50% rule, said Gavin Proudley, head of third-party risk proposition at Dow Jones, during the International Compliance Professionals Association's fall conference this week in Texas.
The U.S. is postponing the Bureau of Industry and Security's 50% rule for one year in exchange for Beijing delaying its rare earth export controls for one year, Treasury Secretary Scott Bessent said in an Oct. 30 interview with Fox Business. "We are going to be suspending [the BIS 50% rule] for a year in return for the suspension on the rare earth licensing regime," he said.