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The Department of the Treasury's Office of Foreign Assets Control (OFAC) is issuing a final rule to adjust certain civil monetary penalties (CMP) for inflation pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. OFAC imposes CMPs pursuant to the penalty authority in five statutes: The Trading With the Enemy Act; the International Emergency Economic Powers Act ; the Antiterrorism and Effective Death Penalty Act of 1996; the Foreign Narcotics Kingpin Designation Act; and the Clean Diamond Trade Act . The new rule went into effect February 9th.
The President has accepted the resignation of Christopher Magnus, the Commissioner of U.S. Customs and Border Protection. President Biden appreciates Commissioner Magnus' nearly forty years of service and the contributions he made to police reform during his tenure as police chief in three U.S. cities. The president thanks Mr. Magnus for his service at CBP and wishes him well.
In the interim Troy A. Miller, the Deputy Commissioner for U.S. Customs and Border Protection (CBP) will serve as the acting Commissioner of U.S. Customs and Border Protection.
As part of the review, USTR is seeking public comments on the effectiveness of the actions in achieving the objectives of the investigation, other actions that could be taken, and the effects of such actions on the United States economy, including consumers.
Starting Nov. 15, importers and others can plead their case for changes to the Section 301 tariffs on imports from China as part of a review being conducted by the Office of the U.S. Trade Representative.
ACE is the U.S. electronic Single Window platform for all trade processing, including all Manifest, Cargo Release, Post-release, Export and Partner Government Agency (PGA) data. Trade users can access ACE via two channels: The ACE Secure Data Portal (ACE Portal) and electronic data interchange (EDI). Deciding on which ACE access method is needed depends on the specific trade activity.