On October 16, the Department of Commerce’s Bureau of Industry and Security (“BIS”) announced that exporters can request six-month extensions of export licenses that are set to expire on or before December 31, 2020.  According to BIS, this is being done to “cut[] red tape and mak[e] it easier for exporters to drive our Nation’s economic recovery in the wake of the pandemic.”

Exporters can request the extension by emailing [email protected].  The original license will be reviewed and an extension will be granted in most cases.  BIS estimates a turn-around period of 2-3 business days for a majority of license extension requests.  BIS issued this press release announcing this licensing policy.

The author acknowledges the assistance of Ryan Orange on this blog post.

Author

Alex advises clients on compliance with US export controls, trade and economic sanctions, export controls (Export Administration Regulations (EAR); International Traffic in Arms Regulations (ITAR)) and antiboycott controls. He counsels on and prepares filings to submit to the US Government's Committee on Foreign Investment in the United States (CFIUS) with respect to the acquisition of US enterprises by non-US interests. Moreover, Alex advises US and non-US companies in the context of licensing, enforcement actions, internal investigations, compliance audits, mergers and acquisitions and other cross-border transactions, and the design, implementation, and administration of compliance programs. He has negotiated enforcement settlements related to both US sanctions and the EAR.