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Will BIS adopt a 50% rule?

Ever since the Senate Confirmation hearing for Assistant Secretary of Commerce for Export Administration Landon Heid, the speculation around the Bureau of Industry and Security (“BIS”) adopting a 50% rule for its entity list keeps getting louder.
Industry interest in what such a change could mean has been spurring the discussion around the potential for a 50% rule along with the lack of a proposed rule in the Federal Register giving a transparent timeline and insight into potential details.
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