The U.S. wants to remove more export barriers faced by the commercial space industry even after announcing a set of space-related export control reforms in October, a senior official said this week, adding that the effort could continue under the incoming Trump administration.
House Foreign Affairs Committee Chairman Michael McCaul, R-Texas, urged the Commerce Department Nov. 5 to investigate whether China’s Semiconductor Manufacturing International Corporation (SMIC) violated U.S. export controls.
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.
The Bureau of Industry and Security is being asked to do more to restrict the export of dual-use items but isn’t getting a commensurate increase in funding and personnel, a technology policy expert said last week.
Banks that choose not to follow a set of export compliance best practices recently issued by the Bureau of Industry and Security may be leaving themselves “wide open” to possible penalties under U.S. export regulations, a senior BIS official said, especially if they don’t have other compliance safeguards in place.
The Bureau of Industry and Security fined multinational chip maker GlobalFoundries $500,000 after it illegally exported semiconductor wafers to a Entity Listed firm with ties to Semiconductor Manufacturing International Corp. (SMIC), China’s flagship chip manufacturing company.
U.S. export control efforts -- along with enforcement risks for companies -- will continue to rise no matter who wins the upcoming presidential election, said Matthew Axelrod, the lead export enforcement official at the Bureau of Industry and Security.
The Bureau of Industry and Security is imposing export controls on nine “key” precursors that Russia has used in chemical weapons against Ukraine, the agency said in a final rule that becomes effective Nov. 1. The rule also updates certain language in BIS regulations that it said will reduce the “licensing burden” for certain government entities located in Russia and Belarus, and it clarifies the scope of the agency's foreign direct product rules.
The U.S. this week unveiled new trade and financial restrictions against people and companies across more than 17 countries for helping Russia evade sanctions or for supporting the country’s military, adding nearly 400 to the Treasury Department’s sanctions list and more than 40 to the Commerce Department’s Entity List. Another move by Commerce will tighten existing controls on nearly 50 entities that it said are procuring U.S.-branded microelectronics for Russia.
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.