The Bureau of Industry and Security (BIS) has issued a new rule adding 16 entities to the Entity List because they are involved in activities against U.S. national security or foreign policy interests. These entities, mostly located in China and a couple in Singapore, are contributing to the development of advanced computing technology that could be used for military and surveillance purposes. As a result, they are now subject to additional licensing requirements for exporting, reexporting, or transferring items covered by U.S. regulations. This rule is effective from January 16, 2025, and was enacted without a prior proposal due to its relevance to national security.
Simple Explanation
The U.S. government has added some companies from China and Singapore to a special list because they are doing things that the U.S. thinks are not safe. Now, these companies have new rules they need to follow if they want to trade with the U.S.