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Each year representatives from the trade community attend the NCBFAA (National Customs Brokers & Forwarders Association of America, Inc.) GAC (Government Affairs Conference) in Washington D.C. This conference provides attendees with the chance to engage directly with influential government parties including Senators and Congressional Representatives regarding current events and industry issues. JAS Forwarding USA Inc. Compliance team members participated and “Marched the Hill” at this year’s conference. We are proud that our team is engaged with lawmakers and excited to be a part of the patriotic process of discussing challenging issues with our elected officials.
This year’s conference began on September 10th and finished up on September 14th. One of this year’s topics of engagement by members of the NCBFAA was infrastructure and port dredging. Related to this topic is the Water Resources Development Act S.2848. This legislation addresses shortfalls in funding for various infrastructure projects to keep US Ports and Harbors competitive and in step with the continuous growth of vessel capacity. Key projects which are significant in numerous ports is continuous harbor deepening and dredging projects. With growth in vessel capacity comes increased draft (the amount of water required to float the vessel- the vertical distance between the waterline and the bottom of the hull- water depth must be greater than the draft) which means that harbors need more depth. Failure to keep up with projects of this nature can have significant negative effects on the economy as the large vessels will not call where they cannot dock.
GAC attendees “Marched the Hill” on Tuesday September 13, 2016. On September 15, 2016, by a vote of 95 to 3, the U.S. Senate passed the S.2848, the Water Resources Development Act (WRDA) of 2016. It is exciting to see action in a timely manner after engaging with our elected officials. JAS Forwarding USA Inc. Compliance team looks forward to attending next year and would welcome any topics our valued clients would like to raise that may be addressed in the future. Contact us today and let’s discuss how we can make a difference together!
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 in Iran involving the company’s 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 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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