United States of America: Announced U.S. Department of Commerce Securing the Information and Communications Technology and Services Supply Chain Rule
Description
Announced U.S. Department of Commerce Securing the Information and Communications Technology and Services Supply Chain Rule
On 19 January 2021, the U.S. Department of Commerce promulgated new regulations to implement the Executive Order "on Securing the Information and Communications Technology and Services Supply Chain’ (no. 13873). The regulations create the mechanism that the Secretary of Commerce will use to identify the riskful transactions with "foreign adversaries" countries that involve information and communications technology. The Regulations will be implemented on 21 March 2022.
Original sourceScope
Policy Area
Foreign direct investment
Policy Instrument
MNE: Treatment and operations, nes
Regulated Economic Activity
cross-cutting, cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
infrastructure provider: internet and telecom services,other service provider
Category
Location-specific
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
technological consumer good: sale
Regulatory tool
Foreign investment screening
Sanctions
Fine
Civil penalty
Prison sentence
Regulated subjects
1
service (digitally delivered): sale
Regulatory tool
Foreign investment screening
Sanctions
Fine
Civil penalty
Prison sentence
Regulated subjects
1