The White House today announced that it was sending to Congress the “Export Enforcement Act of 2007.” The proposed legislation would substantially increase penalties for violations of the Export Administration Regulations (”EAR”):The proposed Export Enforcement Act of 2007 . . . would increase maximum corporate penalties from $50,000 under the executive orders to either $5 million or ten times the value of the exported good, whichever is more.Yikes! Penalties The White House today announced that it was sending to Congress the “Export Enforcement Act of 2007.” The proposed legislation would substantially increase penalties for violations of the Export Administration Regulations (”EAR”):Read the rest of the story at ExportLawBlog.com 

Posted on April 25th, 2007 by keeton
Filed under: Uncategorized