Careers

Diversity, Equity & Inclusion

Experience

Innovation

Interactive Maps

Locations

About

Pages

Meet our team of innovators
Ask us how we do it

Professionals

Insights

Services

Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

Home | Thompson Hine LLP

Atlanta

Chicago

Cincinnati

Cleveland

Columbus

Dayton

Los Angeles

Minneapolis

New York

Silicon Valley

Washington, D.C.

<h2 class="wp-block-heading">Key Notes:</h2>
<ul class="wp-block-list">
<li>The policy memorandum builds upon two previous updates to the VSD process announced in June 2022 and April 2023. It gives direction to companies wishing to take advantage of certain faster processing options for VSDs.</li>
<li>Cuts some requirements for submissions of minor or technical infractions of U.S. export controls to reduce the administrative burden associated with submitting such disclosures.</li>
<li>Clarifies how BIS will handle requests from parties seeking to employ &ldquo;corrective action&rdquo; to mitigate the repercussions of an illegal export.</li>
</ul>
On January 16, 2024, the Bureau of Industry and Security within the Department of Commerce (BIS) issued a major policy memorandum of &ldquo;further enhancements to our voluntary self-disclosure process&rdquo; prescribed in the Export Administration Regulations (EAR).
Specifically, the memorandum details four improvements to the voluntary self-disclosure (VSD) process, which the Assistant Secretary for Export Enforcement, Matthew Axelrod, described in a subsequent speech detailing the improvements as a win-win for government and industry. He noted that the changes will not only help both the public and private sectors conserve finite compliance and enforcement resources but also &ldquo;further drive prioritization ... of your time&mdash;and ours&mdash;so that it&rsquo;s spent on the most significant threats to our national security.&rdquo;
View the entire bulletin in <a href="https://www.thompsonhine.com/insights/bis-issues-policy-memo-on-the-voluntary-self-disclosure-process/" target="_blank" rel="noreferrer noopener">HTML format</a>. 
View the entire bulletin in <a href="https://admin.thompsonhine.com/wp-content/uploads/2024/01/BIS-Issues-Policy-Memo-on-the-Voluntary-Self-Disclosure-Process.pdf" target="_blank" rel="noreferrer noopener">PDF format</a>.

BIS Issues Policy Memo on the Voluntary Self-Disclosure Process

Services