RE:RE:RE:RE:RE:RE:RE:RE:Inflation Reduction Act (IRA) boosts biological drugs March 06, 2024 - Ropes & Gray insight alert on the Biosecure Act. https://www.ropesgray.com/en/insights/alerts/2024/03/senate-committee-votes-to-send-the-biosecure-act-to-the-senate-floor
Plus: On February 28, 2024, President Biden announced an Executive Order (“EO”) directing the Department of Justice (“DOJ”) to promulgate regulations that restrict or prohibit transactions involving certain bulk sensitive personal data or United States Government-related data and countries of concern or covered persons. The DOJ’s initially identified countries are China (including Hong Kong and Macau), Russia, Iran, North Korea, Cuba, and Venezuela, and the restrictions would also apply to any entity owned by, controlled by, or subject to the jurisdiction or direction of a country of concern as well as any person “knowingly causing or directing, directly or indirectly, a violation” of the regulations. As directed by the EO, on February 28, the DOJ published an Advance Notice of Proposed Rulemaking (“ANPRM”) on topics related to the implementation of the EO soliciting comments up to 45 days after the ANPRM is published in the Federal Register (typically posted a few days after the announcement), which would make comments due around April 15, 2024. The EO directs the DOJ to publish a proposed rule within 180 days of the EO publication, so on or before August 26, 2024.
https://www.ropesgray.com/en/insights/alerts/2024/03/new-executive-order-would-restrict-transfer-of-certain-bulk-sensitive-personal-data