September 29, 2017
Summary and analysis of "Presidential Proclamation on enhancing vetting capabilities and processes for detecting attempted entry into the United States by terrorists or other public-safety threats"
President Trump issued a Proclamation on September 24 that, among other things, imposes new travel restrictions on certain nationals from Chad, Iran, Libya, North Korea, Somalia, Syria, Venezuela and Yemen. Restrictions vary by country. The new restrictions follow a worldwide review of all immigration security measures as well as individual country information sharing and identity management protocols with the United States. The new Proclamation was issued the day the so-called "travel ban," established by Executive Order 13780, was set to expire. Nationals from Iraq and Sudan, who were included in the previous travel ban are not within the scope of the Proclamation, but the Department of Homeland Security (DHS) recommends those individuals be subject to additional scrutiny. US lawful permanent residents, dual nationals and holders of valid visas are exempt from the Proclamation's effects.
A Tax Alert prepared by EY Law LLP, and attached below, provides additional details.
Full text of Tax Alert 2017-1594