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BIS
BIS requests comments on “Foundational Technologies,” with the goal of developing new export and CFIUS controls | Dentons
In a Federal Register Notice dated August 27,2020, the US Department of Commerce, Bureau of Industry and Security (BIS) issued an advance notice of proposed rulemaking (ANPROM) seeking comments from the public concerning the criteria for defining “foundational technologies.” Since August 2018, with the enactment of the Export Control Reform Act (ECRA), BIS had been …
World’s central banks to tackle technology with BIS innovation hub
ZURICH (Reuters) – Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements. The BIS said the intention of the hub, which will be based in Basel, Hong Kong and Singapore, …
BIS Seeks Comments on Identifying “Foundational Technologies”
The U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) recently published an Advanced Notice of Proposed Rulemaking (“ANPRM”) regarding the identification and review of controls for certain “foundational technologies.” This ANPRM represents another step toward implementation of the “emerging and foundational technology” provisions set forth in the Export Control Reform Act (“ECRA”) of 2018, …