Capitalizing On Export License Exception 'STA'

Law360, New York (September 7, 2011, 2:44 PM EDT) -- The U.S. Bureau of Industry and Security (BIS) has published its Final Rule on the much-anticipated license exception Strategic Trade Authorization (STA) [76 Federal Register 35276 (June 2011)]. This new license exception, §740.20 of the Export Administration Regulations, is the next significant step in the Obama administration's Export Reform Initiative announced in 2009.

The STA is intended to facilitate exports between the United States and its close partners and allies by easing the license burden on exports of numerous items. Eligible items are those not considered...
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