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Publications
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05.25.2023Mandatory BEA Foreign Investment-Related Surveys Filing Deadlines Fast ApproachUpdatesThe Bureau of Economic Analysis of the U.S. Commerce Department is the government agency that prepares important statistics and objective data about the U.S. economy, including the U.S. gross domestic product. As part of its data-gathering process, the BEA makes use of a variety of surveys and other reports submitted to it by U.S. business enterprises and individuals. Two of BEA’s most comprehensive five-year benchmark surveys have impending filing deadlines and must be submitted by those U.S. businesses and persons to which they apply.
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11.08.2022New US Export Controls Target China’s Semiconductor and Supercomputer SectorsUpdatesThe U.S. Commerce Department’s Bureau of Industry and Security announced an interim final rule, adding a substantial number of new export restrictions to China of advanced semiconductors and chip manufacturing equipment.
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09.22.2020TikTok and WeChat—New Developments Delay ProhibitionsUpdatesSunday, September 20, 2020, was intended to be the day on which prohibitions would go into effect on ByteDance Ltd. (ByteDance) and Tencent Holdings Ltd. (Tencent) and their subsidiaries—makers of the TikTok and WeChat apps, respectively.
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08.12.2020President Trump Issues Executive Orders Prohibiting Transactions With the Makers of TikTok and WeChatUpdatesPresident Donald Trump signed two executive orders (the EOs) on August 6, 2020, an Executive Order on Addressing the Threat Posed by TikTok (TikTok EO) and an Executive Order on Addressing the Threat Posed by WeChat (WeChat EO).
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07.20.2020Hong Kong Autonomy Act Signals Significant Shift in US-Hong Kong RelationsUpdatesThe U.S. government on July 14, 2020, took two significant steps to address the evolving situation in Hong Kong.
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04.30.2020BIS Tightens Controls on Exports of National Security-Controlled ItemsUpdatesThe U.S. Department of Commerce, Bureau of Industry and Security (BIS) on April 28, 2020, published two final rules and a proposed rule that substantially tighten the controls in the Export Administration Regulations (EAR).
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02.12.2020FIRRMA Regulations FinalizedUpdatesThe Committee on Foreign Investment in the United States (CFIUS) published two final rules on January 17, 2019, to implement the Foreign Investment Risk Review Modernization Act (FIRRMA) enacted in August 2018.
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05.07.2019OFAC Issues Sanctions Compliance Program GuidanceUpdates
The Office of Foreign Assets Control (OFAC), an agency of the U.S. Department of the Treasury, administers and enforces U.S. economic sanctions programs against targeted foreign governments, individuals, groups and entities in accordance with national security and foreign policy.
Blog
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Federal Reserve Issues Final Guidelines for Master Account Access
The Federal Reserve Board, on August 15, 2022, issued final guidelines for regional Reserve Banks to use when considering applications for Federal Reserve “master accounts”—deposit accounts that enable direct access to the Federal Reserve’s payment systems and provide critical infrastructure to financial institutions operating in the United States. The final guidelines comprise a set of... -
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), on August 8, 2022, sanctioned virtual currency mixer Tornado Cash. OFAC alleged that it had been “used to launder more than $7 billion worth of virtual currency since its creation in 2019 [, including] over $455 million stolen by the Lazarus Group[,]” a...
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Blockchain Industry Group White Paper – Fundamentals of Non-Fungible Tokens
Non-fungible tokens have been widely adopted across a variety of industries. The fast-developing NFT ecosystem of technical and commercial innovation is aimed at the promise of bridging physical world concepts of uniqueness and scarcity with the digital world. As with all forms of technical innovation, NFTs pose unique legal challenges to participants in this ecosystem.... -
Blockchain Industry Group White Paper – Fundamentals of Non-Fungible Tokens
Non-fungible tokens have been widely adopted across a variety of industries. The fast-developing NFT ecosystem of technical and commercial innovation is aimed at the promise of bridging physical world concepts of uniqueness and scarcity with the digital world. As with all forms of technical innovation, NFTs pose unique legal challenges to participants in this ecosystem....
