July 2, 2022
Commerce Dept. delays licensing process implementation for rule on foreign ICT transactions
The Commerce Department is seeking input from industry on how to implement a licensing process that will allow companies to get preapproval on foreign transactions in the information and communications technology and services sector, delaying a component of a controversial supply chain rulemaking scheduled to go into effect in May.
“On January 19, 2021, the Department published an interim final rulemaking that is effective as of March 22, 2021 (86 FR 4909). In this document, in response to requests from...