US Congress Extends Statute of Limitations for Sanctions and Export Controls

On April 24, 2024, President Biden signed into law H.R. 815, the National Security Supplemental (the “Act”). While much of the focus centered on the foreign aid package for Israel, Ukraine, and the Indo-Pacific, the bill contains a highly consequential provision that extends the statute of limitations under the International Emergency Economic Powers Act (“IEEPA”) and the Trading with the Enemy Act (“TWEA”)….
By: Mayer Brown
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