Tech sector questions scope of Commerce foreign transaction review rulemaking, potential for third party audits

The Information Technology Industry Council is concerned about the scope of a proposed rulemaking that would add new criteria into a controversial Commerce Department interim final rule to review and make prohibition or mitigation decisions about foreign transactions in the telecom and IT sectors.

The criteria in the proposed rule is focused on connected software applications and comes from a June executive order that sought to align an interim final rule under the Trump administration focused on the information...