Foreign Affairs chair: House wants to codify Entity List subsidiary rule

The House Foreign Affairs Committee wants to codify the Bureau of Industry and Security’s expansion of Entity List restrictions to companies that are at least 50 percent owned by listed entities, panel chair Brian Mast (R-FL) said on Tuesday. In a Federal Register notice published on Tuesday, BIS adopted the so-called “50 percent rule ” for those on the Entity List and Military End-User list, mirroring an approach the Treasury Department already takes with its sanctions lists. “This critical measure...