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Jan 23, 2025 | 
mondaq.com | Rajesh De |Adam Hickey |Jason Hungerford |Yoshihide Ito
On January 13, 2025, the US Department of Commerce's Bureauof Industry and Security (BIS) published an Interim Final Rule (IFR) titled"Framework for Artificial Intelligence Diffusion." TheIFR builds on a long series of recent export control restrictionson advanced computing hardware, technology, and components criticalfor artificial intelligence (AI)1 and seeks to establishan ambitious framework for managing export and security terms forthe spread of AI going forward.
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Jan 23, 2025 | 
mondaq.com | Howard W. Waltzman |Adam Hickey |Stephen Lilley |Aaron Futerman
On January 16, 2025, President Biden issued an Executive Order (EO) on Strengthening andPromoting Innovation in the Nation's Cybersecurity, tofurther address increasing threats from nation-state actors andcybercriminal organizations. This directive seeks to build on priormeasures, such as Executive Order 14028, and provides additionalsteps for securing the nation's digital infrastructure such asenhancing cybersecurity across federal systems and collaboratingwith the private sector.
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Jan 20, 2025 | 
jdsupra.com | Rajesh De |Aaron Futerman |Adam Hickey
INTRODUCTIONOn January 16, 2025, President Biden issued an Executive Order (EO) on Strengthening and Promoting Innovation in the Nation’s Cybersecurity, to further address increasing threats from nation-state actors and cybercriminal organizations.
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Jan 9, 2025 | 
mondaq.com | Adam Hickey |Aaron Futerman
MB Mayer Brown More Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes. We have deep experience in high-stakes litigation and complex transactions across industry sectors, including our signature strength, the global financial services industry.
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Jan 8, 2025 | 
mondaq.com | Adam Hickey |Aaron Futerman |Mickey Leibner
On December 20, 2024, the US Department of Justice (DOJ) issueda long-awaited notice of proposed rulemaking (NPRM) to revise regulationsunder FARA, three years after an Advance Notice of ProposedRulemaking sought input on 19 questions about them. Below wediscuss the most significant proposed changes to the rules. Thecomment period will run for 60 days from publication of the NPRM inthe Federal Register.
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Jan 7, 2025 | 
jdsupra.com | Aaron Futerman |Adam Hickey
On December 27, 2024, the Department of Justice (DOJ) released a Final Rule, Provisions Pertaining to Preventing Access to U.S. Sensitive Personal Data and Government-Related Data by Countries of Concern or Covered Persons. The Final Rule (“Rule”) will take effect 90 days from the date of its publication in the Federal Register, with certain affirmative due diligence, reporting, and auditing requirements taking effect 270 days after publication.
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Dec 4, 2024 | 
mondaq.com | Gina M. Parlovecchio |Justin Herring |Tamer A. Soliman |Adam Hickey
On November 26, 2024, the United States Court of Appeals for the
Fifth Circuit issued a landmark decision holding that the Treasury
Department's Office of Foreign Assets Control
("OFAC") exceeded its statutory authority by sanctioning
immutable smart contracts created byTornado Cash.
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Nov 29, 2024 | 
mondaq.com | Adam Hickey |Stephen Lilley |Tamer A. Soliman |Aaron Futerman
In this article, the authors
discuss a rule proposed by the Bureau of Industry and Security of
the U.S. Department of Commerce to create a mandatory reporting
requirement for artificial intelligence (AI) developers and
computing providers concerning the development, training and
testing of powerful AI models.
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Nov 6, 2024 | 
jdsupra.com | Rajesh De |Adam Hickey |Nicholas Jackson
On October 28, 2024, the US Department of the Treasury (“Treasury”) issued a Final Rule to require the notification or prohibition of certain outbound investments and other transactions by US persons involving persons of countries of concern, and certain subsidiaries or parents thereof, engaged in activities involving three sensitive sectors: (1) semiconductors and microelectronics, (2) quantum information technologies, and (3) certain artificial intelligence (“AI”) systems.
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Nov 5, 2024 | 
jdsupra.com | Rajesh De |Aaron Futerman |Adam Hickey
On October 24, 2024, President Biden issued the first-ever National Security Memorandum (NSM) on artificial intelligence (AI), fulfilling another directive (subsection 4.8) set forth in the Administration’s Executive Order on AI and outlining how the federal government intends to approach AI national security policy. The NSM also includes a classified annex, which addresses sensitive national security issues.
