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Info Collection on Responsible Investment in Burma Under Review

Wednesday, November 25, 2015
Sandler, Travis & Rosenberg Trade Report

The State Department is accepting through Jan. 25 comments on the extension of the reporting requirements for responsible investment in Burma. In response to several political reforms by the government of Burma and pursuant to authority granted by the International Emergency Economic Powers Act, the Department of the Treasury’s Office of Foreign Assets Control issued a general license (GL 17) on July 11, 2012, authorizing new investment in Burma, subject to certain restrictions and conditions. In order to support the State Department’s efforts to assess the extent to which new U.S. investment authorized by GL 17 furthers U.S. foreign policy goals of improving human rights protections and facilitating political reform in Burma, GL 17 requires U.S. persons engaging in new investment in Burma to report information related to such investment.

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