On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) issued a six-page guidance statement to financial institutions about best practices under the Export Administration Regulations (EAR). 

On October 9, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released a six-page guidance statement (the Guidance) to financial institutions (FIs) regarding best practices under the Export Administration Regulations (EAR). 

On September 11, the U.S. Department of Commerce’s Bureau of Industry and Security published a proposed rule in the Federal Register that would require quarterly reporting by organizations, companies, and corporations organized in the U.S. (including branches outside the U.S.) if they plan to either engage in artificial intelligence model training or acquire, develop, or otherwise possess a high-performance computing cluster for AI training.