J. Philip Ludvigson

2 months ago | jdsupra.com | J. Philip Ludvigson |Danielle Pressler |Christine Savage

The Department of Commerce’s Bureau of Industry and Security released on January 13, 2025, an interim final rule to implement an export control framework for Artificial Intelligence Diffusion to protect U.S. national security and foreign policy interests. On January 13, 2025, the Department of Commerce’s Bureau of Industry and Security (“BIS”) released an interim final rule (“IFR”), 90 Fed. Reg.

Oct 29, 2024 | mondaq.com | Christine Savage |Jamieson Greer |Danielle Pressler |J. Philip Ludvigson

On September 26, 2024, the U.S. Department of Commerce's Bureau of Industry and Security ("BIS") issued a proposed rule related to the information and communications technology and services ("ICTS") supply chain that will prohibit certain transactions involving "connected vehicles" and Vehicle Connectivity System ("VCS") hardware and software or Automated Driving System ("ADS") software designed, developed, manufactured, or supplied by persons owned by, controlled by, or subject to the...

Oct 22, 2024 | jdsupra.com | Jamieson Greer |Adam Harper |J. Philip Ludvigson

The Proposed Rule imposes substantial new reporting, diligence, and compliance obligations for companies in the automotive supply chain On September 26, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued a proposed rule related to the information and communications technology and services (“ICTS”) supply chain that will prohibit certain transactions involving “connected vehicles” and Vehicle Connectivity System (“VCS”) hardware and software or Automated...

Jul 16, 2024 | jdsupra.com | Jamieson Greer |J. Philip Ludvigson |Stephen Orava

The Proposed Rule expands CFIUS’s authority to review certain transactions by foreign persons involving real estate close to over 50 additional military installations. On July 8, 2024, the U.S. Department of the Treasury (“Treasury”) issued a Notice of Proposed Rulemaking (the “Rule”) expanding the jurisdiction of the Committee of Foreign Investment in the United States (“CFIUS”) over certain real estate transactions by foreign persons.

May 8, 2024 | jdsupra.com | Shaswat K. Das |Jamieson Greer |J. Philip Ludvigson

Implications Related to the Doubling of the Statute of Limitations for Civil and Criminal Violations of Two Primary Sanctions Authorities SUMMARY On April 24, 2024, President Biden signed into law a foreign military support package (i.e., H.R. 815), which notably included a provision doubling the statute of limitations (“SOL”) from five to ten years for civil and criminal violations of the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) sanctions programs authorized under...