Trade and Manufacturing Monitor

News and insight from our international trade practice group

White House Broadens Restrictions on Russia by Authorizing Sanctions on Foreign Financial Institutions and Expanding the Import Ban

On December 22, 2023, President Biden signed Executive Order 14114, titled “Taking Additional Steps With Respect to the Russian Federation's Harmful Activities” (EO 14114), with a focus on holding foreign financial…

Senators Baldwin and Cassidy Introduce Resilient Communities Act to Aid Communities Harmed By Unfair Trade

On December 6, 2023, Senator Tammy Baldwin (D-WI) and Senator Bill Cassidy (R-LA) introduced a bill titled the Resilient Communities Act to support communities in the United States that have been negatively affected by…

House 90-Day Review Report Calls for “Win-At-All-Costs” Approach to Preventing PRC Access to Critical U.S. Technology

On December 7, 2023, the U.S. House of Representative’s Foreign Affairs Committee (House Committee) released a 90-day report (the Report) on the Commerce Department’s Bureau of Industry and Security (BIS). The report…

U.S. Temporarily Eases Sanctions Against Venezuelan Energy, Gold

On October 18, the Treasury Department’s Office of Foreign Assets Control (OFAC) eased U.S. sanctions on dealings with Venezuela’s gold and oil and gas sectors by issuing and amending several general licenses.…

White House Issues Executive Order on Outbound Investment Screening

On August 9, 2023, the White House issued Executive Order 14105 (“EO”) to address the national security threat posed by outbound investment in certain countries of concern that seek to develop and exploit sensitive or…