Commerce Department Forgot To Include Parts Of Foreign Tech Rule
Published Date: 1/16/2025
Rule
Summary
The Department of Commerce fixed some missing instructions in a December 2024 rule that protects the U.S. from risky tech and services linked to foreign adversaries. This correction updates important parts of the rule to keep the review process clear and strong. The changes take effect on February 4, 2025, and affect companies dealing with certain tech transactions.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Corrections to ICTS transaction review rules
The Department of Commerce corrected omissions in its December 6, 2024 rule that governs review of transactions involving information and communications technology and services (ICTS) linked to persons owned by, controlled by, or subject to the jurisdiction or direction of a foreign adversary. The correction instructs updates to 15 CFR part 791, including revising introductory text for paragraph (a) in Sec. 791.3, removing paragraph (c) of Sec. 791.3, and adding paragraph (a)(9) and revising other paragraphs in Sec. 791.100. These corrections take effect on February 4, 2025.
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