Baker McKenzie’s Global Compliance News Blog published “Multijurisdictional: 2021 Virtual Global Trade Conference,” which can be viewed here.
On June 9, 2021, the Biden Administration issued Executive Order 14034, âProtecting Americansâ Sensitive Data from Foreign Adversariesâ (âEO 14034â). EO 14034 revokes three executive orders issued by the Trump Administration that effectively banned certain Chinese connected software applications (âappsâ) from operating in the United States. Although EO 14034 revokes these legal authorities and calls for their implementing rules to be rescinded, EO 14034 signals that the Biden Administration will continue to analyze the national security risks presented…
On June 3, 2021, President Biden issued Executive Order 14032, âAddressing the Threat from Securities Investments that Finance Certain Companies of the Peopleâs Republic of Chinaâ (the âCMIC EOâ). This amends and replaces Executive Order 13959 (EO 13959) and revokes Executive Order 13974 (EO 13974) that restricted investments in certain âCommunist Chinese Military Companiesâ (CCMCs). The main changes implemented by the CMIC EO and related public guidance are to (1) change the group of targeted Chinese companies to focus on…
On June 1, 2021, the US Treasury Departmentâs Office of Foreign Assets Control (OFAC) published the Burma Sanctions Regulations at 31 C.F.R. Part 525 (the âBSRâ) to implement Executive Order 14014, âBlocking Property With Respect to the Situation in Burmaâ (âEO 14014â). EO 14014 imposed sanctions on certain Burmese parties in response to the Burmese militaryâs coup against the democratically elected civilian government. The BSR do not expand upon the sanctions previously imposed under EO 14014, but…
On April 20, 2021, the Biden Administration took steps to address cybersecurity risks in the US energy sector industrial base by announcing a 100-day cybersecurity initiative for electricity subsector industrial control systems (â100-Day Planâ) and by issuing, on April 22, 2021, a Request for Information to inform future recommendations for US energy systemsâ supply chain security (âRFIâ). Public comments in response to the RFI are due by June 7, 2021. These actions support the Biden Administrationâs February 24,…
On April 9, 2021, the US Commerce Departmentâs Bureau of Industry and Security (BIS) published a final rule (âFinal Ruleâ) in the Federal Register to add seven Chinese parties (together, the âDesigneesâ) to the Entity List. The Final Rule took effect on April 8, 2021. According to the Final Rule and the Commerce Departmentâs press release, the Designees were added to the Entity List because they have procured US-origin items for use in building supercomputers that are used to support…
On April 8, 2021, the US Treasury Department published an updated List of Countries Requiring Cooperation With An International Boycott (the âTreasury Listâ). Significantly, Treasury announced that it had removed the UAE from the Treasury List following the UAEâs repeal of its law requiring participation with the Arab League Boycott of Israel and subsequent implementation of the new policy. In connection with its establishment of full diplomatic ties with Israel last year under the UAE-Israel Abraham Accords,…
On March 29, 2021, the Commerce Department published an advance notice of proposed rulemaking (ANPRM) seeking public comment on potential licensing or other pre-clearance processes for transactions under the regulations that took effect on March 22, 2021 to implement Executive Order 13873, âSecuring the Information and Communications Technology and Services Supply Chainâ (Executive Order 13873). Executive Order 13873 authorizes the Commerce Department to block or impose conditions on transactions involving information and communications technology and services (ICTS) originating in countries…
On March 18, 2021, the US State Department (State) published a Federal Register notice that formally outlines the various US export controls targeting Russia that will be strengthened pursuant to the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) as a result of Stateâs determination that the Russian Government had used a chemical weapon against its own nationals in violation of international law. These measures were previously announced by State and were summarized…
On March 2, 2021, the US Government imposed a series of new measures against Russian Government officials and entities in response to the alleged poisoning and subsequent imprisonment of Russian opposition politician Aleksey Navalny. Specifically, the US State Department (State) imposed a number of financial sanctions and export restrictions on Russia; the Office of Foreign Assets Control (OFAC) within the US Treasury Department designated seven Russian officials to the List of Specially Designated Nationals and…