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ARTICLE · 16 MAY 2024

Congress Extends Statute Of Limitations For Sanctions Violations; Introduces New Sanctions

Cassidy Levy Kent LLP
Cassidy Levy Kent LLP
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Cassidy Levy Kent LLP

Cassidy Levy Kent LLP

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On April 24, 2024, President Biden signed H.R. 815 into law, enacting long-awaited Congressional action on the provision of aid to Ukraine, Israel, and Taiwan.

GlobalInternational Law
Ulrika K. Swanson
Ulrika K. Swanson
James E. Ransdell
James E. Ransdell
Stephen Laufer
Stephen Laufer
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On April 24, 2024, President Biden signed H.R. 815 into law, enacting long-awaited Congressional action on the provision of aid to Ukraine, Israel, and Taiwan. The bill is separated into twenty distinct divisions covering a variety of subjects, including numerous sanctions-related measures that had not been anticipated. These additions to the bill, which address areas as varied as the statute of limitations, secondary sanctions, Iranian petroleum shipments, and fentanyl, will have compliance implications for companies across the globe.

Given the breadth of these changes, we present below brief summaries of the most significant changes to emerge from the many sanctions-related Acts included in H.R. 815.

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