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On September 30, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network published a highly anticipated rule (the “Final UBO Rule” or the “Final Rule”) that implements the beneficial ownership information reporting requirements of the Corporate Transparency Act.On September 30, 2022, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) published

Over are the days of carefree selling to and offshoring supply chains through China for leading-edge semiconductors and the technologies and equipment used to produce them. On October 7, 2022, the U.S. Department of Commerce’s (“Commerce”) Bureau of Industry and Security (BIS) announced surgically precise and novel export controls targeting China’s[1] semiconductor and advanced

On September 15, President Biden issued a new Executive Order (E.O.) titled, “Executive Order on Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States.”  This is the first E.O. since CFIUS was established in 1975 to provide presidential direction on the factors that CFIUS is required

Commerce shared that it would conduct “robust stakeholder engagement in implementing the CHIPS program, including requesting feedback on specific questions through RFIs, publishing an e-mail newsletter and frequently asked questions, and offering webinars.” The first set of these webinars was announced last Friday, September 16, via Commerce Communications’ email newsletter.Since President Biden’s August 9, 2022

On September 13, 2022, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) published an advance notice of proposed rulemaking (“ANPRM”) to impose export controls on automated peptide synthesizers and associated software and technology under Section 1758 of the Export Control Reform Act. BIS noted in the ANPRM that Export Control Classification Number

The Department of Commerce’s Bureau of Industry and Security released an Interim Final Rule on September 9, 2022 changing the Export Administration Regulations’ regulation of information-sharing in international standards settings organizations.The Department of Commerce’s Bureau of Industry and Security (“BIS”) released an Interim Final Rule (“IFR”) on September 9, 2022 changing the Export Administration Regulations’ (“EAR”)

On August 17, 2022, the U.S. Trade Representative (“USTR”) released an 11-point negotiation mandate to facilitate formalized trade negotiations between the U.S. and Taiwan (the “Mandate”). In time, the PRC will respond to the increased cooperation between the U.S. and Taiwan with more than mere rhetoric, flyovers, and a weeklong naval blockade.On August 17, 2022,

President Biden recently signed into law the CHIPS and Science Act of 2022, which, among other things, provides billions of dollars of federal financial assistance to semiconductor companies to construct, expand, and modernize semiconductor manufacturing facilities in the United States.President Biden recently signed into law the CHIPS and Science Act of 2022 (the “CHIPS Act”),