President Joe Biden is removing Cuba from the State Department's state sponsors of terrorism list, one of several steps his administration is taking to "improve the livelihood of Cubans," the White House announced Jan. 14.

The Bureau of Industry and Security is planning to release two new rules Jan. 15, Undersecretary Alan Estevez said during a Jan. 14 event hosted by the Center for Strategic and International Studies. “One will be related to biotech,” and the other is “related to compliance around semiconductors,” Estevez said. He didn't give further details. A BIS spokesperson said the agency has "nothing else to add beyond Estevez’s remarks."

Outgoing Bureau of Industry and Security Undersecretary Alan Estevez said he would advise his successor to continue coordinating export controls with allies and to not immediately turn to extraterritorial restrictions, such as the foreign direct product rule.

Many signs are pointing toward the incoming Trump administration embracing the new sweeping U.S. export controls on AI chips, an AI technology policy researcher said this week.

A new Bureau of Industry and Security rule that will place new, worldwide export controls on advanced computing chips and certain closed artificial intelligence model weights was widely panned by the American semiconductor and technology industry this week, even as U.S. officials said the restrictions are necessary to keep American companies ahead of their Chinese competitors.

The U.S. announced a host of new sanctions against Russia’s energy sector last week, targeting major Russian oil producers, oil service providers and insurance companies, as well as vessels and traders moving Russian oil as part of the country’s shadow fleet. The Office of Foreign Assets Control also issued two new determinations that authorize sanctions against any person or entity with ties to Russia’s energy sector and that block the provision of U.S. petroleum services to parties in Russia, and it announced it will soon be ending a general license that had authorized certain Russia-related energy payments.

ASML, the major Dutch semiconductor tooling firm, is being accused of misleading investors about how its projected China sales and revenues were impacted by recently imposed export controls.

The State Department’s recently published fall 2024 regulatory agenda previews a range of export control rules the Directorate of Defense Trade Controls is hoping to issue this year, including one that would finalize an updated definition for defense services and others that would make various changes to the U.S. Munitions List.

CBP issued a proposed rule this week that could mandate the submission of more detailed electronic export manifest (EEM) data for cargo leaving the U.S. by rail, identify which parties should be submitting that electronic information, and set timelines for how soon that information would need to be submitted before the cargo leaves the country.

The Bureau of Industry and Security's upcoming export controls on advanced AI-related semiconductors will introduce expansive compliance hurdles and sales limitations that will hurt American firms and could push U.S. allies to work closer with China, a major technology think tank and a leading semiconductor industry group said this week.