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On December 8, 2016, the Water Infrastructure Improvements for the Nation Act or WIIN passed the House of Representatives. There was strong bipartisan support with the final vote 360 yes and 61 no. Following the House vote, the Senate passed the bill on December 10, 2016
WIIN has been created with the goal of building and improving infrastructure related to trade and water resources. Also included in this act is the Water Resources Development Act of 2016 which passed the House of Representatives in September. Among other things, these acts address American harbors, dams, locks and flood control systems which are vital to US economic and trade growth.
Harbor maintenance programs are of particular interest with regards to trade. In recent years, barely half of the funds available in the “harbor maintenance trust” fund was being utilized in ports. The surplus was unfortunately being used in other federal programs leading to shortfalls in maintenance of US ports. The WIIN Act provides a path to work towards eliminating the surplus and ensuring that full funding is diverted back to its intended use by 2025.
Harbor projects are paramount to the continued competitiveness of the US in trading with the rest of the world. Improved harbors will allow larger ships to call US ports which will improve efficiencies of the supply chains and strengthen the trade community. For questions contact JAS USA Inc. Compliance!
A multinational organization based in Bangkok, Thailand, has agreed to pay $20,000,000 to settle potential civil liability for 467 apparent violations of OFAC sanctions on Iran. Between 2017 and 2018, the company facilitated $291 million in wire transfers through U.S. financial institutions for the sale of Iranian-origin high-density polyethylene resin (HDPE), manufactured by a joint venture involving the parent company in Iran. HDPE is a robust resin used in various plastic products such as food and beverage containers, shampoo bottles, and industrial items. Concurrently, the company initiated U.S. dollar wire transfer transactions to settle the joint venture’s debts to third-party vendors.
BIS has released the newest iteration of their guidance on export enforcement. The “Don’t Let This Happen to You” guidance document is dated March 2024 and is 76 pages of important guidance for the export community. The opening letter states “Export controls have never been more important to our collective security interests than they are today.” Follow the link below to check out more details!
The U.S. Customs and Border Protection (CBP) has issued a Withhold Release Order (WRO) against work gloves manufactured in a Chinese company and its subsidiaries, based on evidence suggesting the use of convict labor. This action is part of the U.S. government's efforts to combat forced labor globally. With nearly 28 million workers suffering under such conditions worldwide, WROs are a means to deter companies from exploiting labor and to protect vulnerable populations. By enforcing laws prohibiting the importation of goods produced by forced labor, CBP aims to safeguard American workers, businesses, and consumers. Currently overseeing and enforcing numerous WROs and Findings, CBP emphasizes its commitment to eliminating forced labor from U.S. supply chains and encourages reporting of suspected violations.
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