Exiger Regulatory Roundup, Episode 9

Distilling this week’s 13,706 alerts into the 19 alerts that you care about

Mary Kopczynski, CEO of RegAlytics, breaks down this week’s hot regulatory topics, exclusively for Exiger.

Happy National Manufacturing Month!

And I begin with a Happy National Manufacturing Day, Week and Month! President Biden gave a speech on the day saying that, and it just so happens that the jobs report came out announcing the economy had created 336,000 jobs in September, which is pretty good. 

A Proclamation on National Manufacturing Day, 2023
Biden- Harris Administration to Kick Off Third Investing in America Tour, Tout Historic Investments Benefitting Communities Across the Country
Fact Sheet: to Launch Investing in America Tour, the Biden- Harris Administration Kicks Off Sprint to Catalyze Workforce Development Efforts for Advanced Manufacturing Jobs and Careers
Remarks by Joseph R. Biden Jr., President of the United States: September Jobs Report and National Manufacturing Day

Medicare Pharma Direct Negotiations

The Biden-Harris Administration also announced that official negotiations started between Medicare and the manufacturers of 10 specific drugs directly. This is a practice that has formerly been barred, typically lobbied against heavily by Big Pharma, but the Inflation Reduction Act allowed it. So we’ll see how this shapes the costs of healthcare for both the patients on them and also the manufacturers of them.

Biden- Harris Administration Takes Major Step Forward in Lowering Health Care Costs, Announces Manufacturers Participating in Drug Price Negotiation Program

Boy oh boy, did I have a tough time deciding on the regulator the week.  Again, these choices are simply what I see as interesting and keep in mind, I monitor about 8,000 regulators globally for the past three years, so they have to do something pretty interesting during the week to catch my eye. So, drumroll, I give you a tie. It’s between the U.S. Customs and Border Protection and the U.S. Department of Transportation. 

Regulator of the Week: Customs & Border Protection

So, the U.S. Customs and Border Protection (CBP) did what appeared to be a routine extra check of a driver enrolled in the Trusted Trader Program run by CBP. On this random search on the Mexican border, the dogs found eight packages within the tractor containing 19 pounds of cocaine with a street value of $253,000. 

Pharr CBP Officers Seize $253K in Cocaine From FAST Driver

Regulator of the Week: U.S. DOT

And then, the U.S. Department of Transportation put out a request asking if there are any companies out there who would make available a commercial grade eLoran system to the general public in the United States. They could charge a fee-for-service basis but would not get any federal investment, subsidy, procurement or commitment. So that got me, of course, trying to understand what is an e-Loran system and apparently, it’s a type of GPS system, or better said, a complement to GPS systems with a terrestrial backup to allow for precision navigation and timing. And the idea in the request for information is that — in response to a 2020 Executive Order under Trump having to do with Position, Navigation and Timing security and Resilience — it was determined that we needed a good back up if the U.S. GPS system goes down. So they’re looking for information from the players in this space.  It’s not a request for vendors. It’s just information to help them decide what to do. eLoran system designers, I hear that as an opportunity.

Request for Information: Commercial eLoran Capability

Topic of the Week: Partnerships

Okay, so more reasons why it was hard to choose a regulator of the week is because the topic of the week is intergovernmental partnerships, starting with Egypt, Albania and Hungary. 

Egypt, Hungary, Albania: Subsea Cable

A Memorandum of Understanding has been signed between the parties to build a new subsea cable between Egypt and Albania to improve connectivity.

ICT Minister Witnesses Signing of MoU Between Telecom Egypt, 4iG Plc. to Build New Subsea Cable Linking Egypt, Albania

Sweden, Canada: Small Modular Reactors

Other interesting bedfellows this week included Sweden and Canada, who wrote a joint statement on critical raw materials and clean technology, which includes Small Modular Reactors (SMRs) and their supply chains. They are focused on increased business collaboration and opportunities to foster the development of strong ecosystems with innovative companies from their two countries.

Joint Statement by Canada and Sweden on Sustained Engagement on Critical Raw Materials, Battery Value Chains and Emerging Technologies

Treasury, Homeland, Customs: Fentanyl Supply Chain

Treasury along with Homeland Security and Customs and Border Protection are on a serious tear to cut down on the importation of fentanyl. So Treasury sanctioned 28 Chinese and Mexican individuals and entities that have been involved in manufacturing precursors to drugs like fentanyl.

Remarks by Wally Adeyemo, Deputy Secretary of the Treasury, at a Press Conference Announcing New Treasury Action Against Fentanyl Supply Chain
Joint HSI Investigation Leads to Indictments Against China-Based Chemical Manufacturing Companies, Employees for Fentanyl Trafficking

DoD, GSA, NASA: Whistleblower Protections

The other regulators are the federal acquisition team, which in this case is DoD, GSA and NASA. So this week, two rules really came out that are worth noting. One, whistleblower protections on your employment contracts. You can’t have a nondisclosure agreement with an employee that doesn’t have a carve out that they will not be penalized for making a whistleblower claim. This is part of an effort by the U.S. federal government to make sure employees are aware of their rights to report bad acts on the part of their employers. This is a final rule, so get it done.

Final Rule: Federal Acquisition Regulation: Whistleblower Protection for Contractor Employees

DoD, GSA, NASA: Cyber Incident Reporting

The second from the same federal acquisition team is the official implementation of cyber incident reporting and information sharing for federal contractors. Comments are due by December 4, so speak now or forever hold your peace.

Federal Acquisition Regulation: Cyber Threat and Incident Reporting and Information Sharing

CISA, NSA: Cyber Misconfigurations

CISA and the NSA have worked together for the past several years doing Red and Blue Team operations, where basically, the red team is made up of offensive cybersecurity experts who try to attack an organization’s cyber defenses (the blue team). This week they issued a joint report on their findings of these exercises called “NSA and CISA Red and Blue Teams Share Top 10 Cybersecurity Misconfigurations.” The report provides clear guidance to drive down these misconfigurations. So go read it.

Joint Advisory on Top Cyber Misconfigurations Highlights Urgency for Software Manufacturers to Incorporate Secure by Design Principles

CT, MA, RI: Offshore Wind

And in our final example of regulatory partnerships this week, the partnership winds are blowing strong in New England, with Connecticut, Massachusetts and Rhode Island signing an MOU to coordinate first multistate offshore wind energy procurement process.

Connecticut, Massachusetts, and Rhode Island Sign First-Time Agreement for Multi-State Offshore Wind Procurement
Massachusetts, Rhode Island, and Connecticut Sign First-Time Agreement for Multi-State Offshore Wind Procurement
Rhode Island, Massachusetts, Connecticut Sign First-Time Agreement for Multi-State Offshore Wind Procurement

BIS: ‘Lengthening’ Supply Chains

Finally, the Bank of International Settlements is still focusing on supply chain risk and putting out a ton of really interesting studies, some of which I mentioned in earlier episodes; but this week was about the lengthening of global value chains. They found that the direct supplier to end user relationships are become less common, and a trend is growing in having additional firms interposing in between the initial sellers and the final buyer. This is particularly noticeable between China and the U.S. And, as you know, Exiger allows you to really have a solid command on your 2nd and 3rd level suppliers, which is not only helpful for the U.S. government, but many national and international agencies that are following this carefully.

Mapping the Realignment of Global Value Chains

And that’s it this week for Exiger’s Regulatory update.  Join me every week no matter where I am for your dose of regulatory news.

Other Interesting Alerts

AgencyTitle
Farm Credit AdministrationFCA Approves Final Rule on Cyber Risk Management to Enhance Farm Credit System Security and Spur Innovation
Federal Reserve SystemFintech and Banks: Strategic Partnerships That Circumvent State Usury Laws
Federal Trade Commission; Federal Trade Commission, Bureau of Competition; Federal Trade Commission, Bureau of Consumer ProtectionFTC to Host Roundtable Discussion on October 4 on Artificial Intelligence and the Creative Fields
Financial Industry Regulatory Authority, Inc.2024 Cybersecurity Conference
Global Affairs CanadaMinister NG Welcomes NAFTA Dispute Panel Ruling on U.S. Duties on Canadian Softwood Lumber
National Institute of Standards and TechnologyMeetings: National Artificial Intelligence Advisory Committee
National Institute of Standards and Technology15th Annual NICE Conference and Expo
National Institute of Standards and Technology16th Annual NICE Conference and Expo
New York Office of the Governor$1M Grand Prize Winner Announced of GENIUS NY
Office of the United States Trade RepresentativeDetermination Regarding Waiver of Discriminatory Purchasing Requirements With Respects to Goods and Services of North Macedonia
Prairies Economic Development CanadaMinister Vandal Announces Investments to Strengthen Nuclear and Clean Mining Supply Chains in Saskatchewan
Securities and Exchange CommissionSecurities and Exchange Commission’s Notice and Application for an Order Compelling Compliance With an Administrative Subpoena and Memorandum in Support Application: Elon R. Musk
Securities and Exchange CommissionSEC Files Subpoena Enforcement Action Against Elon R. Musk Seeking an Order Compelling his Attendance for Investigative Testimony
U.S. Department of CommerceDeputy Secretary of Commerce Don Graves Concludes Cybersecurity Trade Mission to the Republic of Korea and Japan
U.S. Department of CommerceUnited States to Participate in Sixth Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiating Round in Kuala Lumpur
U.S. Department of DefenseFederal Acquisition Regulation: Protests of Orders Set Aside for Small Business
U.S. Department of DefenseNotice of a Modified System of Records
U.S. Department of DefenseFederal Acquisition Regulation: Federal Acquisition Circular 2023-06, Introduction
U.S. Department of DefenseInterim Rule: Federal Acquisition Regulation: Implementation of Federal Acquisition Supply Chain Security Act Orders
U.S. Department of DefenseFinal Rule: Federal Acquisition Regulation: 8(a) Program
U.S. Department of DefenseFederal Acquisition Regulation: Technical Amendments, Changes
U.S. Department of DefenseFederal Acquisition Regulation: Federal Acquisition Circular 2023-06, Small Entity Compliance Guide
U.S. Department of DefenseFederal Acquisition Regulation: Standardizing Cybersecurity Requirements for Unclassified Federal Information Systems
U.S. Department of Transportation, Pipeline and Hazardous Materials Safety AdministrationMeetings: Lithium Battery Air Safety Advisory Committee
U.S. Senate, Committee on Foreign RelationsRanking Member Risch Opening Statement at Hearing on DFC

 

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