United States of America: Implemented U.S. Department of Commerce Securing the Information and Communications Technology and Services Supply Chain Rule

Description

Implemented U.S. Department of Commerce Securing the Information and Communications Technology and Services Supply Chain Rule

The U.S. Department of Commerce promulgated the interim final rule to implement the provision of Executive Order 13873, Executive Order on Securing the Information and Communications Technology and Services Supply Chains (see related state act). These regulations create the processes and procedures that the Secretary of Commerce will use to identify, assess, and address certain transactions in the area of information and communications technology or services (ICTS) between U.S. persons and foreign adversaries. These regulations allow the Commerce Secretary broad discretion to block or mitigate ICTS transactions involving a foreign adversary if the Commerce Secretary deems that transaction poses an unacceptable risk. The rule lists six foreign governments or non-government persons as foreign adversaries. These are the People`s Republic of China, including the Hong Kong Special Administrative Region (China), Cuba, the Islamic Republic of Iran, North Korea, the Russian Federation, and the Venezuelan president Nicolas Maduro.

Original source

Scope

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

Hide details
2021-01-19
under deliberation

On 19 January 2021, the U.S. Department of Commerce promulgated new regulations to implement the Ex…

2021-03-22
in force

The U.S. Department of Commerce promulgated the interim final rule to implement the provision of Ex…

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

Policy change by business practice

The detailed activities within the scope of this policy or regulatory change.

technological consumer good: sale

service (digitally delivered): sale