Barbra Kim

Sep 16, 2024 | jdsupra.com | Stephan Becker |Nancy Fischer |Barbra Kim

On September 5, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule imposing significant new export controls on quantum computing, cryocooling systems, semiconductor equipment, and additive manufacturing technologies. These controls are meant to align U.S. regulations with recent regulations adopted by several close U.S. allies and are intended to address national security concerns related to the proliferation of sensitive technologies.

Sep 11, 2024 | globaltradeandsanctionslaw.com | Nancy Fischer |Stephan Becker |Zachary Rozen |Barbra Kim

On September 5, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued an interim final rule imposing significant new export controls on quantum computing, cryocooling systems, semiconductor equipment, and additive manufacturing technologies. These controls are meant to align U.S. regulations with recent regulations adopted by several close U.S. allies and are intended to address national security concerns related to the proliferation of sensitive technologies.

Jul 16, 2024 | jdsupra.com | Nancy Fischer |Samantha Franks |Barbra Kim

TAKEAWAYS The outbound investment program will affect U.S. persons considering certain investments or other transactions involving China and specific industry sectors (e.g., semiconductors, artificial intelligence and quantum computing). Consistent with prior announcements, it is contemplated that there will be both “prohibited” and “notifiable” covered transactions, the latter of which requires a notice to the Treasury Department within 30 days of closing.

Apr 24, 2024 | globaltradeandsanctionslaw.com | Matthew Rabinowitz |Nancy Fischer |Aaron Hutman |Barbra Kim

On April 11, 2024, the U.S. Department of the Treasury (Treasury), as Chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of Proposed Rulemaking (NPRM), which is the first substantive update to the mitigation and enforcement provisions of the CFIUS regulations since the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). Treasury has requested public comments on the NPRM, which was published in the Federal Register on April 15, 2024.

Apr 9, 2024 | jdsupra.com | Stephan Becker |Nancy Fischer |Barbra Kim

On March 29, 2024, the U.S. Commerce Department’s Bureau of Industry and Security (BIS) issued an interim final rule (“2024 IFR”) clarifying and correcting its October 2023 interim final rules on advanced computing/supercomputers (AC/S IFR) and semiconductor manufacturing equipment (SME IFR) (collectively called the “2023 IFRs”).