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Commerce Releases Rule for Reviewing Technology Transactions, Identifies Six Countries as Foreign Adversaries | Wiley Rein LLP

To embed, copy and paste the code into your website or blog: On January 14, 2021, the U.S. Department of Commerce (Department) released an interim final rule to implement President Trump’s 2019 Executive Order (EO) on “Securing the Information and Communications Technology and Services Supply Chain” (EO 13873). This rule establishes the processes and procedures that the Secretary of Commerce (Secretary) will use to identify, assess, and address certain transactions between U.S. persons and foreign persons that involve information and communications technology or services (ICTS) designed, developed, manufactured, or supplied, by persons owned by, controlled by, or subject to the jurisdiction or direction of a “foreign adversary”; and pose an undue or unacceptable risk. The new rule departs from the Department’s proposed rules in several ways. 

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