U.S. shippers testifying before the U.S. Senate Committee on Banking,
Housing and Urban Affairs Thursday voiced their concern about increased license controls
proposed for certain types of exports.
The Senate Banking Committee is currently working on the reauthorization
of the Export Administration Act. The legislation, so far, calls for
tougher, coordinated export license approval among the various licensing
agencies, such as the Commerce’s Export Administration and the State
Department. It also calls for stiffer penalties for violators.
"We are concerned that the procedures for determining a product’s status
are unclear, and that the bill inadvertently provides too much opportunity
for bureaucratic delay," said Karen Murphy, director of global customs and
export compliance for Allied Materials.
The industry said it’s already at a competitive disadvantage because of
the country’s export licensing system. Some types of licenses can take six
months or longer to approve.
The industry, along with the Senate Banking Committee, wants a new
Export Administration Act soon. "We’re worried about going to a consensus
system (for licenses), but it’s not a show stopper," said John W. Douglass,
president of the Aerospace Industries Association. "We want this bill to go
forward."
The Senate Banking Committee is expected to begin marking up the
proposed Export Administration Act next week.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now