Search Results for keywords:"International Emergency Economic Powers Act"

The Executive Order 14272 directs the U.S. Secretary of Commerce to investigate the national security impact of importing processed critical minerals and their derivative products. These materials are crucial for the economy and defense because they are used in important sectors like transportation and technology. The investigation will assess risks including the reliance on foreign sources that might be unstable, and it will explore measures like tariffs and incentives for domestic production. This action aims to ensure a resilient and secure supply chain for these vital materials.

The President has decided to continue the national emergency with respect to Iran for another year, after initially being declared on March 15, 1995. This decision is based on ongoing threats from Iran, including its development of missiles and support for terrorism, which continue to endanger U.S. national security and foreign policy. The emergency, first declared under Executive Order 12957, is separate from another emergency regarding Iran that started in 1979. This notice will be published in the Federal Register and sent to Congress.

The Financial Crimes Enforcement Network (FinCEN), part of the Treasury Department, is asking for public comments on their plan to renew a rule without changes. This rule requires U.S. banks to gather and report information about financial dealings with specific foreign banks that may do business with Iranian-linked institutions or people associated with the Islamic Revolutionary Guard Corps (IRGC). FinCEN's aim is to continue enforcing these information collections to help monitor and regulate financial activities, with the ultimate goal of preventing money laundering and terrorism financing. The request for comments is in line with efforts to reduce paperwork and examine the burden these regulations place on both U.S. and foreign banks.