All U.S. exporters of goods and technology will be affected by the Obama Administration’s plans to reform the U.S. system of controlling and licensing exports that was announced on Tuesday, April 20, 2010. Click here to view the White House announcement.
Chief among the proposed changes are creating a single list of controlled items, to replace the current separate lists for defense and “dual-use” items; easing or eliminating controls on most non-sensitive items; and ultimately merging the various federal agencies that currently administer U.S. export laws into a single agency. Some of the changes can be made quickly and administratively, while others (e.g., creation of the single export agency) will require congressional legislation.
The proposed changes generally are consistent with suggestions by U.S. manufacturing and exporting industries that have complained the outdated U.S. system places U.S. business at a global disadvantage. Specific implementation may create new opportunities as well as new regulatory issues for U.S. exporters; therefore, careful monitoring of the changes is advised.