Iran Foreign Direct Product Rule

On April 24, 2024, President Biden signed "Making emergency supplemental appropriations for the fiscal year ending September 30, 2024, and for other purposes," into law. The law requires the United States to regulate the export of certain foreign-produced items destined for Iran. This rule implements the law's requirements by expanding the scope of the Export Administration Regulations' (EAR) Foreign Direct Product rule for Iran and applicable license requirements, thereby increasing restrictions under the EAR.