TaxNewsFlash-Trade & Customs

July 20, 2007
No. 2007-102
    
 

Commerce’s Bureau of Industry and Security: Anti-Boycott Penalty Guidelines, and Request for Comments on Commerce Control List Review

The Bureau of Industry and Security (BIS) of the Department of Commerce has published new guidelines regarding voluntary self-disclosures for boycott violations.

According to a July 17 release, the guidelines also address how BIS determines the appropriate penalty for the settlement of such cases, and represents a codification of BIS’s long-standing penalty determination practice in anti-boycott cases.

The anti-boycott provisions of the Export Administration Regulations (EAR) prohibit U.S. persons from complying with certain requirements of unsanctioned foreign boycotts, including furnishing information about a business relationship with another person who is known or believed to be restricted from having a business relationship with or in a boycotting country. In addition, the EAR requires that persons report their receipt of certain boycott requests to the Department of Commerce.

BIS Seeks Public Comment on Commerce Control List Review

The Bureau of Industry and Security (BIS) also announced that it is seeking public comments on its review of the Commerce Control List to advance U.S. national security, foreign policy, and economic interests. According to a July 17 release, comments must be submitted to BIS by September 17, 2007.

 

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