1. Commerce Issues Final Rule Targeting Connected Software Applications
On June 16, the U.S. Department of Commerce published a final rule , to be effective July 17, implementing the Protecting Americans’ Sensitive Data From Foreign Adversaries and amending the Securing the Information and Communications Supply Chain (ICTS) regulations, which will have potential impacts on transactions involving certain technology and software. The ICTS rule gives Commerce the authority to prohibit certain transactions involving a foreign adversary that pose an undue risk to national security. Under this final rule, Commerce has expanded and institutionalized its review process with eight new criteria […]
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