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☆ US Halts Exports of Most Civilian Firearms for 90 Days
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

Focusing on environmental, social or governance-related issues, ESG in industry parlance, could hit returns to investors, critics said. Other states followed, with Texas accusing BlackRock and banks including Bank of America (BAC.N) of 'boycotting' fossil fuel companies in the transition to a greener economy. WHY IT MATTERSThe criticism comes at a critical time for global climate efforts. A landmark U.N. report earlier this year said time was running out to cap global warming at 1.5 degrees Celsius by 2050. With a number of investigations into finance-linked ESG activities still in train across various states, the prospect of a let-up in pressure in 2023 is slim.

☆ Lawmakers ask Commerce Dept. to curb U.S. gun exports - letter
▼ + stars: | 2022-09-28 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

The letter, which was signed by Warren, Senator Chris Murphy and U.S. Representative Joaquin Castro, was sent to Commerce Secretary Gina Raimondo. Register now for FREE unlimited access to Reuters.com RegisterIn 2020, President Donald Trump's administration eased firearms exports when it moved export license oversight from the U.S. State Department to the Commerce Department. However, in the first 16 months since the Commerce Department took over firearm export licensing, it approved nearly $16 billion worth of licenses. The lawmakers, citing U.S government data, said that was a 30% increase from when the State Department controlled firearms licensing. Warren and the other Democrats also expressed concern that since taking over oversight, the Commerce Department had denied 0.4% of license applications and approved 95%.

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