Obama Advances Exports Initiative With New Trade Controls

Law360, Los Angeles (March 8, 2013, 10:16 PM EST) -- President Barack Obama advanced his initiative for overhauling the country’s export control system Friday with an executive order delegating presidential authority over some trade controls to two federal agencies, the White House said.

President Obama signed an executive order giving the secretary of state control over the export of items on its U.S. Munitions List, which designates defense- and space-related items, according to a statement from the White House Office of the Press Secretary. The order also grants the secretary of the Treasury control over the import...
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