June 14, 2021
Biden issues executive order altering scope of Commerce Dept. process to review foreign ICTS transactions
The Biden administration is making changes to a controversial Commerce Department rulemaking impacting the information and communications technology and services sector, establishing “criteria” that will be used to conduct reviews of foreign company transactions.
The changes come in an executive order issued Wednesday, amending a process initially started under President Trump in 2019 through Executive Order 13873. The Commerce Department issued an interim final rule to carry out requirements in Trump’s EO on Jan. 19 that was met with...