ICTS Investigations: The Commerce Department's New Tool | Holland & Knight LLP
Highlights The U.S. Department of Commerce (Commerce) can now prohibit or otherwise restrict certain information and communications technology and services (ICTS) "transactions" that pose an undue or unacceptable risk to U.S. national security or the safety of U.S. persons where those transactions involve "foreign adversaries." Commerce's expanded power covers future and ongoing ICTS activities of preexisting contracts and gives wide discretion to the Secretary of Commerce to evaluate and address threats from six identified "foreign adversaries": China (including Hong Kong), Russia, Iran, No...