According to BIS Under Secretary Mario Mancuso, objections from the State and Defense Departments have delayed BIS plans for the creation of a new Intra-Company Transfer (ICT) license exception. Mancuso noted that at least two iterations of the draft regulation “have been worked through the interagency, and [BIS is] still waiting final comments from partners in the interagency.” The ICT rule would cover only the transfer of technology between US-based companies and overseas affiliates and not goods or equipment.