President Biden signed two bills passed in the final days of the last Congress that contain a number of provisions with implications for sanctions, export controls, and supply chain restrictions:
- On December 23, 2022, President Biden signed into law the National Defense Authorization Act (“NDAA“) for Fiscal Year 2023 (P.L. 117-263). The measure includes a number of provisions relating to US export controls, sanctions, and related subjects, including additional sanctions targeting Burma, prohibitions on the use of Chinese semiconductors by US government agencies, and provisions relating to Russia’s invasion of Ukraine.
- ….
Source Baker & McKenzie
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