🚫New Entity List Additions Affecting U.S. Export Regulations
Additions to the Entity List
Summary
In this rule, the Bureau of Industry and Security (BIS) amends the Export Administration Regulations (EAR) by adding 12 entities to the Entity List, under the destinations of China, People's Republic of (China) (11) and Taiwan (1). These entities have been determined by the U.S. Government to be acting contrary to the national security or foreign policy interests of the United States.
Agencies
- Commerce Department
- Industry and Security Bureau
Business Impact
$$$ - High
The addition of entities to the Entity List has direct compliance and regulatory implications for businesses dealing in exports, especially those involving technology related to artificial intelligence and supercomputers. Businesses may face restrictions or require licenses for transactions involving these entities, impacting their operational and financial planning.