Source: U.S. Department of Commerce – BIS
This rule amends the Export Administration Regulations (EAR) to remove the short supply license requirements that, prior to the entry into force of the “Consolidated Appropriations Act, 2016” (Pub. L. 114-113) on December 18, 2015, applied to exports of crude oil from the United States. Specifically, this rule removes the Commerce Control List (CCL) entry and the corresponding short supply provisions in part 754 of the EAR that required a license from BIS to export crude oil from the United States. This rule also makes conforming changes to certain other EAR provisions to reflect the removal of these short supply license requirements. Consistent with the exceptions in Pub. L. 114-113, exports of crude oil continue to require authorization from BIS to embargoed or sanctioned countries or persons and to persons subject to a denial of export privileges….
No responses yet