Office of foreign Assets Control

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On January 29, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued Venezuela‑related General License 46 (“GL 46”), marking the most significant easing of U.S. restrictions on the Venezuelan oil sector in several years. GL 46 allows “established U.S. entities”—defined as entities organized under U.S. law on or before January…

Herbert Hoover Building Commerce Department 14th Street Washingt

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has issued a final rule which will suspend BIS’s recently enacted Affiliates Rule effective as of November 10, 2025 and continuing through November 9, 2026.  The Trump Administration committed to make this change as part of its Deal on Economic and Trade Relations with China…