BIS Reviewing Information Collections on License Exemptions, Military Export Offsets
The Bureau of Industry and Security is accepting comments through April 29 on the proposed extension of the information collections associated with the following.
License Exemptions and Exclusions. BIS has worked with other government agencies and the affected public to identify areas where export licensing requirements may be relaxed without jeopardizing U.S. national security or foreign policy. Many of these relaxations have taken the form of licensing exceptions and exclusions, some of which have a reporting or recordkeeping requirement to enable the government to continue to monitor exports of these items. Exporters may choose to utilize the license exception and accept the reporting or recordkeeping burden or continue to submit license applications.
Offsets in Military Exports. The Defense Production Act requires U.S. firms to furnish information regarding offset agreements exceeding $5 million in value associated with sales of weapon systems or defense-related items to foreign countries or foreign firms. Offsets are industrial or commercial compensation practices required as a condition of purchase in either government-to-government or commercial sales of defense articles and/or defense services and are required by most major trading partners when purchasing U.S. military equipment or defense related items.