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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.

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President Biden signed the National Defense Authorization Act for Fiscal Year 2024 into law (P.L. 118-31) (NDAA 2024 or Act) in December 2023. Lawmakers frequently target this type of &ldquo;must pass&rdquo; legislation as a vehicle to codify their own, often unrelated policy priorities or &ldquo;rider&rdquo; provisions. The NDAA 2024 is no exception, containing a patchwork of trade-related riders that have important ramifications regarding U.S. export controls, sanctions, supply chain issues and other areas of international trade law.
<h2 class="wp-block-heading">Key Notes:</h2>
<ul class="wp-block-list">
<li>Processes and procedures for sending defense articles, defense services and technical data within the trilateral AUKUS security partnership have been streamlined.</li>
<li>Many sanctions-related provisions overlap with government contract provisions prohibiting the federal government from contracting with certain proscribed or denied persons, especially those owned or controlled by foreign competitors like China and Russia.</li>
<li>The NDAA 2024 implements the American Security Drone Act of 2023 and the Combating Global Corruption Act.</li>
<li>The NDAA 2024 requires an analysis of foreign ownership and control of major U.S. container ports that may implicate national and economic security interests.</li>
<li>Numerous supply chain provisions aim to identify ways for ensuring greater transparency and/or independence of supply chains for critical metals and minerals and address forced labor in China.</li>
<li>The NDAA 2024 declares the United States should not accept and instead advocate for the end of China&rsquo;s &ldquo;developing nation&rdquo; status in various treaties and international organizations.</li>
</ul>
View the entire bulletin in <a href="https://www.thompsonhine.com/insights/national-defense-authorization-act-for-fiscal-year-2024-adds-significant-trade-provisions/" target="_blank" rel="noreferrer noopener">HTML format</a>. 
View the entire bulletin in <a href="https://admin.thompsonhine.com/wp-content/uploads/2024/02/National-Defense-Authorization-Act-for-Fiscal-Year-2024-Adds-Significant-Trade-Provisions.pdf" target="_blank" rel="noreferrer noopener">PDF format</a>.

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SmarTrade

Partner

David M. Schwartz

Francesca M.S. Guerrero

Samir D. Varma

Associate

Aaron C. Mandelbaum

Senior Legislative and Regulatory Policy Advisor

Scott E. Diamond

International Trade

National Defense Authorization Act for Fiscal Year 2024 Adds Significant Trade Provisions