Last week, the Bureau of Industry and Security at Commerce published a final rule that included new controls on certain biotech software. Details on the new rule, how it could trigger mandatory CFIUS filings, and what companies should expect, are inside.
Pres. Biden has nominated an Under Secretary for Industry and Security, a position that serves as principal advisor to the Secretary of Commerce on the export of sensitive technologies. Key positions within the Treasury department remain vacant. Details and contacts inside.
Effective immediately, a new rule enables the Commerce Department to conduct reviews of transactions between foreign adversaries and U.S. companies that involve “information and communications technology or services.” Details, downloads, contacts, and more are inside.