BIS expands Entity List restrictions to companies owned by designees

The Commerce Department’s Bureau of Industry and Security on Tuesday will publish an interim final rule expanding Entity List and Military End User restrictions to cover companies that are at least 50 percent owned by listed entities, a move it says will close “a significant loophole.” “Under today’s rule, any entity that is at least 50 percent owned by one or more entities on the Entity List or the Military End-User (MEU) List will itself automatically be subject to Entity...