💣Will More Than 15 Entities/Persons Become Statutory Debarred For Violating The Arms Export Control Act (AECA) In 2024?
RESOLUTION:
Resolves YES if 16 or more Entities/Persons are added to the list as a 2024 entry at close of market.
Resolves NO if 15 or less Entities/Persons are added to the list as a 2024 entry at close of market.
CONTEXT & EXPLANATION:
The Arms Export Control Act authorizes the President to control the import and export of defense articles and services. If the President chooses, they can issue a license to an individual or organization that wishes to export defense articles or services. Otherwise, exportation of these items is not permitted.
Statutory Debarments
The persons (including entities and individuals) listed in documents linked below have been convicted of violating or conspiracy to violate the Arms Export Control Act (AECA). As a consequence, they are subject to "statutory debarment" pursuant to §38(g)(4) of the AECA and §127.7 of the International Traffic in Arms Regulations (ITAR). Thus, these persons are prohibited from participating directly or indirectly in the export of defense articles (including technical data) and defense services. The names of these parties and their ineligibility for defense trade have been previously published by DDTC in the Federal Register. Statutory debarment remains in effect unless the debarred person's application for reinstatement of export privileges is granted by DDTC; notice of reinstatement will be published in the Federal Register and the person's name will be removed from the list.
Totals For Previous 5 Years (14.6 Avg Per Year):
2023: 10
2022: 10
2021: 7
2020: 23
2019: 23
CLARIFICATION:
Administrative Debarments Are NOT Included In Totals
NOTES:
None as of 01/22/2024
DISCLAIMER
I DO NOT PARTICIPATE IN MARKETS I CREATE
DO NOT TRADE OFF OF UNCONFIRMED MARKET NEWS OR NEWS YOU MAY NOT UNDERSTAND. I AM NOT RESPONSIBLE FOR MISUNDERSTANDING IF YOU DO NOT ASK FOR CLARIFICATION FIRST.
If Any Clarification Is Needed, I May Temporarily Close The Market To Make Clarifying Statements & Than Re-Open ; Feel Free To Ask For Clarification Through Messages Rather Than Making A Comment. Comments are not a clarification unless posted into the description.
Still 0 For 2024.
Statutorily Debarred Parties
The persons and entities identified below have been convicted of violating the AECA, or of conspiracy (18 U.S.C. 371) to violate the AECA, and are the subject of a Federal Register Notice of statutory debarment pursuant to ITAR section 127.7. They are prohibited from participating directly or indirectly in any activities that are subject to the ITAR.