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1 month ago | 
lexology.com | Brooks Allen |Michael E. Leiter |Susanne Werry |Jacob Bell
On February 21, 2025, President Donald Trump issued a presidential memorandum (the Memorandum) signaling that his administration intends to take action with respect to tax and regulatory measures affecting U.S. digital service providers. Although the Memorandum does not itself impose any specific remedies, it calls for studies and recommendations on appropriate responsive measures (e.g., tariffs to counter digital services taxes (DSTs)).
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2 months ago | 
jdsupra.com | Brooks Allen
On his first day in office, President Donald Trump issued a wide-ranging presidential memorandum directing the federal government to implement an “America First” trade policy. The January 20, 2025, memo was notable to many observers in that it appeared to call for a more deliberative course with respect to tariffs than preinaugural statements had indicated — in particular, with respect to President Trump’s threats to impose tariffs on Canada, Mexico and China on Day 1 of his presidency.
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Nov 8, 2024 | 
jdsupra.com | Brooks Allen |Katie Clarke |Brian Egan
The Department of the Treasury (Treasury) has released a final rule imposing restrictions on U.S. outbound investment in Chinese companies active in developing certain national security technologies (Final Outbound Rule).
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Sep 19, 2024 | 
jdsupra.com | Brooks Allen |Jonathan Benson |Karolina Kopczynska-Grobelny
When the UK Modern Slavery Act 2015 (Act) came into force, it was considered a landmark legal development globally. The UK was one of the first jurisdictions to introduce a legal requirement concerning transparency in supply chains and the hope was that it would be a call to action for UK businesses to identify and eradicate modern slavery.
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Jul 12, 2024 | 
jdsupra.com | Brooks Allen |Katie Clarke |Brian Egan
On July 8, 2024, the U.S. Department of the Treasury (Treasury) issued a Notice of Proposed Rulemaking (NPRM) which, if implemented, would expand the U.S. geographical areas in which the Committee on Foreign Investment in the United States (CFIUS) has the jurisdiction to review real estate transactions.
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Apr 25, 2024 | 
jdsupra.com | Brooks Allen |Brian Egan |Michael E. Leiter
On April 15, 2024, the secretary of the Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS or Committee), published a notice of proposed rulemaking (Proposed Rule) to expand CFIUS’ investigation and enforcement authorities and to tighten time frames for negotiating mitigation. Specifically, the Proposed Rule: Clarifies and expands CFIUS’ authority to request information when conducting reviews.
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Feb 19, 2024 | 
jdsupra.com | Brooks Allen |Anita Bandy |Pascal Bine
The oversight obligations of boards continue to expand. Recent enforcement actions and new laws in areas such as cybersecurity, artificial intelligence and supply chains create new challenges for boards, as we explain in this issue of The Informed Board. In another article, we outline potential pitfalls for companies that want to lend financial support to political conventions, transitions or inaugural events in this U.S. election year.
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Feb 13, 2024 | 
jdsupra.com | Brooks Allen |Jack DiCanio |Brian Egan
Key Points In light of the vigorous enforcement of the Uyghur Forced Labor Prevention Act, boards in their oversight role should ensure that their companies conduct heightened diligence on their supply chains, including upstream suppliers.
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Aug 23, 2023 | 
jdsupra.com | Brooks Allen |Brian Egan |Eytan Fisch
Key Points U.S. forced labor enforcement efforts now extend beyond the traditional focus on cotton, textiles, tomatoes and polysilicon to encompass automotive components and copper, steel, aluminum and their downstream products. A majority of detained and blocked imports now involve products produced in or shipped from Malaysia or Vietnam that contain Chinese inputs.
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Mar 8, 2023 | 
jdsupra.com | Brooks Allen |Ondrej Chvosta |Brian Egan
On February 24, 2023, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) announced four new rules expanding restrictions on exports to Russia and Belarus.
