Voluntary Self-Disclosure of Antiboycott Violations
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The law allows businesses to voluntarily disclose violations of antiboycott regulations to the Bureau of Industry and Security (BIS) to expedite investigations. This self-disclosure process helps BIS focus on undisclosed violations, thereby increasing the efficacy of enforcement actions. The law also facilitates sharing information with other law enforcement agencies when necessary.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Introduction of voluntary self-disclosure process
- Faster investigations by BIS
- Potential information sharing with other agencies
Obligations
What this law requires
Businesses may voluntarily disclose antiboycott violations to the Bureau of Industry and Security (BIS) to expedite investigations and receive potential compliance benefits.
BIS may share information obtained through voluntary self-disclosures with other law enforcement agencies investigating suspected violations of the ECRA and EAR, or agencies investigating violations of other statutes, or with foreign governments when appropriate.
Businesses submitting voluntary self-disclosures must not include Confidential Business Information or otherwise sensitive or protected information in communications to BIS via email.
Businesses submitting information collections related to voluntary self-disclosures should reference OMB Control Number 0694-0132 in communications with BIS.