New supply chain security rule identifies six types of transactions for review, establishes process for determinations

The Commerce Department’s long-awaited supply chain rule targeted at the information and communications technology sector establishes a process to review transactions across six categories and make determinations for prohibition or mitigation.

The rule establishes “the processes and procedures that the Secretary of Commerce will use to identify, assess, and address certain transactions, including classes of transactions, between U.S. persons and foreign persons that involve information and communications technology or services designed, developed, manufactured, or supplied, by persons owned by, controlled...