U.S. national emergency, export control regulations | KPMG | US

U.S. national emergency continued, export control regulations

U.S. national emergency, export control regulations

An executive order signed by the U.S. president today and released for publication in the Federal Register continues, for an additional one-year period, the “national emergency” declared an August 2001 executive order (EO 13222).

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Today’s notice [PDF 194 KB] explains that in the August 2001 executive order, a national emergency was declared with respect to the “unusual and extraordinary threat to the national security, foreign policy, and economy of the United States” related to the expiration of the Export Administration Act of 1979, as amended (50 U.S.C. 4601 et seq.). It is further noted that because Congress has not renewed the Export Administration Act, the national emergency must continue beyond August 17, 2017, for one year. 

KPMG observation

Trade professionals have expected this extension, given that the national emergency has been recurring every year since 2001.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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