Industry News
President Renews Export Controls for One Year, Reform Efforts Heat Up
TweetAugust 17, 2009
On Thursday, August 13, 2009 President Obama extended for one year all export control regulations made under the authority of the Export Administration Act of 1979 (EAA) and certain provisions of the Arms Export Control Act (AECA). Simultaneously, the President directed the National Economic Council (NEC) and the National Security Council (NSC) to conduct an interagency review of the overall
The purpose of the review is to consider reforms that would enhance the national security, foreign policy, and economic security interests of the U.S. Interest in export control reform has also been building on Capitol Hill. Chairman of the House Foreign Affairs Committee, Howard Berman (D-CA), announced last week that he hopes to introduce a new Export Administration Act in early 2010.
In early July, the Foreign Affairs Subcommittee on Terrorism, Nonproliferation and Trade held a hearing on
Separately, Commerce Secretary Gary Locke has listed undertaking a review of
The Secretary’s comments match recommendations from the Coalition for Security and Competitiveness, a private sector group of trade associations, calling for fundamental reform of the
We will continue to provide information on our website as to the status of the review ordered by the President, as well as any additional legislative developments regarding export controls. For additional information concerning potential reforms to the