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.

<p>On April 24, 2024, President Biden signed into law a broad national security package which included the Israel Security Supplemental Appropriations Act, 2024; Ukraine Security Supplemental Appropriations Act, 2024; Indo-Pacific Security Supplemental Appropriations Act, 2024; 21st Century Peace through Strength Act; FEND off Fentanyl Act; and the Rebuilding Economic Prosperity and Opportunity for Ukrainians Act. This new law is organized into 20 separate Divisions A-T, and not only provides substantial aid to Ukraine, Israel and Indo-Pacific security for Taiwan but also encompasses extensive amendments to U.S. sanctions and export control laws.</p>
<h2 class="wp-block-heading">Key Notes</h2>
<p>The aid package provides additional foreign aid while also bolstering U.S. national security and enhancing sanctions and export control laws with the enactment of provisions that:</p>
<ul class="wp-block-list">
<li>Increase the statute of limitations for U.S. sanctions violations to ten years, affecting compliance and reporting for businesses.</li>
<li>Require the president to report to Congress on the overlap of U.S. sanctions on Russian entities and persons with EU and UK sanctions, potentially increasing the number of sanctioned individuals.</li>
<li>Authorize the seizure of Russian assets in the U.S. to rebuild Ukraine.</li>
<li>Introduce sanctions targeting Iran&rsquo;s petroleum exports and missile activities and expands U.S. export controls.</li>
<li>Implement a ban on TikTok and other apps linked to foreign adversaries and addresses security risks from foreign-controlled digital platforms.</li>
<li>Prohibit data brokers from transferring sensitive U.S. data to foreign adversaries or their controlled entities.</li>
<li>Set sanctions and reporting mandates to reduce the capabilities of Palestinian terrorist groups.</li>
<li>Impose sanctions on those involved in significant trafficking of fentanyl and related substances. </li>
</ul>
<p><strong>View the entire client update in <a href="https://www.thompsonhine.com/insights/u-s-aid-package-for-ukraine-israel-and-the-indo-pacific-incorporates-extensive-sanctions-and-export-control-reforms/" target="_blank" rel="noreferrer noopener">HTML</a> or <a href="https://admin.thompsonhine.com/wp-content/uploads/2024/05/U.S.-Aid-Package-for-Ukraine-Israel-and-the-Indo-Pacific-Incorporates-Extensive-Sanctions-and-Export-Control-Reforms.pdf" target="_blank" rel="noreferrer noopener">PDF</a> format.</strong></p>

core/freeform

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

Managing Associate

Kristina Shcheglazova

International Trade

U.S. Aid Package for Ukraine, Israel and the Indo-Pacific Incorporates Extensive Sanctions and Export Control Reforms