The Bureau of Industry and Security (BIS) has issued a final rule adding 70 entities to the Entity List. These entities are located in China, Iran, Pakistan, South Africa, and the UAE and have been identified as acting against the national security or foreign policy interests of the United States. The entities listed will require a license for all items subject to the Export Administration Regulations (EAR), and such applications will be presumed denied. Additionally, four existing entries are being modified on the Entity List, affecting entries under France, Iran, Senegal, and the United Kingdom.
Simple Explanation
The government has made a rule to stop 70 businesses in countries like China and Iran from getting certain things because they might not be safe for the United States. They want to make sure these businesses don't do anything that might be bad for the U.S.