U.S. racing teams shipping cars to Mexico for a stock car race later this month don’t have to comply with certain regulations governing exports of used self-propelled vehicles, CBP said in a recent ruling.
The State Department's Directorate of Defense Trade Controls is preparing to finalize a set of "targeted revisions" to the U.S. Munitions List that it previewed in a January interim final rule (see 2501160027). The changes would exclude entries "that do not warrant inclusion" and add export controls for "critical and emerging technologies that warrant inclusion." DDTC sent the rule for interagency review June 2.
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House Select Committee on China Chairman John Moolenaar, R-Mich., said June 3 that he hopes the Trump administration will release a new AI diffusion export control rule “soon" to replace the one it recently rescinded.
Former Bureau of Industry and Security Undersecretary Alan Estevez has joined the board of directors of Almonty Industries, a tungsten mining and production company. Almonty CEO Lewis Black said Estevez's "firsthand experience in acquisition, contracting, and supply chain operations will be especially relevant as we advance our position as a key allied supplier of tungsten." Estevez also became a senior adviser for Covington & Burling after leaving BIS earlier this year (see 2505120044).
A Federal Maritime Commission administrative law judge ordered ocean carrier SM Line Corp. May 28 to pay consumer goods company Samsung Electronics America $1.9 million in reparations for unfair demurrage and detention fees.
Nicaragua formally accepted the World Trade Organization Agreement on Fisheries Subsidies on June 2, bringing the number of countries that have accepted the deal to 101. The WTO needs 10 more countries to accept to get to two-thirds of the membership, the threshold for the agreement to take effect.
The EU is preparing another package of Russia sanctions, European Commission President Ursula von der Leyen said on LinkedIn, including a measure that could lower the price cap on Russian oil from its current level of $60. The sanctions would specifically target "Russia's energy revenues, including Nord Stream infrastructure, Russia's banking sector" and would involve "lowering the crude oil price cap," the commission said.
Reps. Jefferson Shreve, R-Ind., and Beth Van Duyne, R-Texas, have introduced a bill that would require the Treasury Department to designate foreign entities that run large-scale scams on Americans as Foreign Financial Threat Organizations, Shreve announced last week.
The FBI is asking for information about people who may have been victimized by Funnull Technology Inc., the Philippines-based company that was sanctioned last month for providing computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams (see 2505290010). The agency said it’s investigating “fraudulent cryptocurrency investment platforms and companies,” and people who believe they have “fallen victim” to Funnull or another similar scammer should contact the FBI and provide “as many transaction details as possible, including cryptocurrency addresses, amount and type of cryptocurrency, date and time, and transaction ID (hash).”