Mr. Howell is an associate in Davis Polk's Financial Institutions Group. [Full Bio]

On June 17, 2020, President Trump signed into law the Uyghur Human Rights Policy Act of 2020 (the “Act”). The Act requires the President to submit to Congress within 180 days a report identifying persons responsible for human rights abuses in Xinjiang, and to impose blocking and visa sanctions against
Continue Reading President Trump Signs Sanctions Law to Address Human Rights Violations in China

Recently, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced technical changes to the regulations implementing Treasury-administered economic sanctions on North Korea and new inflation-adjusted civil monetary penalties.

1. North Korea Economic Sanctions

On December 20, 2019, President Donald Trump signed into law the Otto Warmbier North Korea
Continue Reading OFAC Makes Technical Changes to North Korea Sanctions and Civil Monetary Penalty Regulations

The U.S. Department of the Treasury recently released a proposed rule to impose a filing fee for certain CFIUS transactions. If enacted, the proposed filing fee would raise strategic considerations for parties intending to submit a transaction for CFIUS review. Our visual memo discusses this proposal in greater detail.

 
Continue Reading Proposed Rule: Filing Fees for Certain CFIUS Transactions

On January 13, 2020, the U.S. Treasury Department promulgated its final regulations implementing the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA) to reform the authority and jurisdiction of the Committee on Foreign Investment in the United States (CFIUS). The final regulations were released in two parts: one addressing
Continue Reading CFIUS Issues Final FIRRMA Regulations

On January 10, 2020, President Trump issued Executive order 13902 (“E.O. 13902”) which authorizes the U.S. Department of the Treasury to impose additional sanctions targeting the construction, mining, manufacturing and textiles sectors of the Iranian economy, as well as any other sector of the Iranian economy subsequently specified by the
Continue Reading “Maximum Pressure” to the Max: United States Sanctions Additional Sectors of Iran’s Economy