On April 24, 2024, President Biden signed into law a broad national security package which included the Israel Security Supplemental Appropriations Act, 2024; Ukraine Security Supplemental Appropriations Act, 2024; Indo-Pacific Security Supplemental Appropriations Act, 2024; 21st Century Peace through Strength Act; FEND off Fentanyl Act; and the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act.
Israel
Treasury Releases Semi-Annual List of Countries Requiring Cooperation With International Boycotts
In addition to its role in enforcing U.S. export control laws, the Department of Commerce’s Bureau of Industry and Security (BIS) is charged with administering and enforcing the antiboycott laws under the Export Administration Act. These antiboycott laws were adopted to encourage and, in some circumstances, require U.S. companies to refuse to participate in foreign…
U.S. Announces New Sanctions to Promote Peace, Security, and Stability in the West Bank
On February 1, 2024, the United States introduced new sanctions to promote peace in the West Bank, targeting recent actions that jeopardize the region’s stability, including attacks by Israeli settlers against Palestinians and Palestinian attacks against Israelis. This follows the related visa restriction policy announced by the State Department on December 5, 2023.
The sanctions have…
BIS Issues Policy Memo to Strengthen Antiboycott Reporting and Compliance
On July 26, 2023, the Department of Commerce’s Bureau of Industry and Security published an internal policy memorandum announcing two new measures the Office of Antiboycott Compliance will implement to enhance enforcement efforts and diminish participation by U.S. companies in boycott-related activities. The two announced enhancements are:
- The Boycott Reporting Form has been amended to
Treasury Removes UAE from Its Antiboycott List
On April 8, 2021, the Department of the Treasury issued its most recent listing of foreign countries requiring cooperation with an international boycott. The countries on this list has been fairly static for years; however, the United Arab Emirates (UAE) has been removed due to the country’s issuance of Federal Decree-Law No. 4 of…