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Defense Base Closure Process Launched

Client Alert | less than 1 min read | 04.13.05

On April 4, the President announced the members of the Defense Base Closure and Realignment Commission (BRAC). Key near-term dates are May 16 for the Pentagon's closure recommendations and September 8 for the BRAC to make its recommendations, ultimately leaving it to the President and Congress to accept or block the entire package.

Insights

Client Alert | 10 min read | 03.16.26

Eight Takeaways After Seven Weeks of OFAC’s Six, wait Seven, New and Updated General Licenses for Venezuela

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued six new general licenses, and updated a seventh that allow for many activities related to: the export of Venezuelan oil and petrochemical products from Venezuela; the exploration, development, and production of oil, gas, and petrochemical products in Venezuela; the generation, transmission, storage, or distribution of electricity in Venezuela; the export to Venezuela of U.S.-origin diluents; negotiating for investment in the oil, gas, petrochemical, and electricity sectors in Venezuela; and the export of Venezuelan gold....