License exception

{
  "id": "MLC-T-ECS-001061",
  "term": "License exception",
  "field": "Economic statistics",
  "definition": "An authorization that allows a U.S. Principal Party in Interest (USPPI) or other appropriate party to export or reexport under stated conditions, items subject to the Export Administration Regulations (EAR) that would otherwise require a license under the EAR. The BIS License Exceptions are currently contained in Part 740 of the EAR (15 CFR 740).",
  "see_also": [
    "Export Administration Regulations",
    "U.S. Principal Party in Interest"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/license-exception/"
}