Implementation of EAR Export Controls on Silencers, Mufflers, and Sound Suppressors; and Other Firearms Related Changes
BIS ruleExport controlFederal Register 07/23Open the original
Summary
The Commerce Department’s Bureau of Industry and Security revises the EAR and the CCL to control certain silencers, mufflers, and sound suppressors. The rule is effective November 20, 2026, except for specified amendatory instructions that are effective July 23, 2026.
By industry
- Defense1 trading day+4.5%p15 stocks5 trading days+3.3%p15 stocks20 trading days+10.5%p15 stocks
“control certain silencers, mufflers, and sound suppressors”
- Tariffs & Reshoring1 trading day+3.8%p15 stocks5 trading days+2.3%p15 stocks20 trading days−0.3%p15 stocks
“reduce the regulatory burden on exports of sound suppressors”
Day by day after the announcement
| Day | Defense stocks | S&P 500 |
|---|---|---|
| 26/07/22 | 0.0% | 0.0% |
| 26/07/23 | +3.6% | −1.0% |
| 26/07/24 | +4.4% | −1.1% |
| 26/07/27 | +5.6% | −1.0% |
| 26/07/28 | +6.4% | −0.7% |
| 26/07/29 | +1.4% | −1.8% |
| 26/07/30 | +2.5% | −0.5% |
| 26/07/31 | +3.8% | −0.2% |
| 26/08/03 | +6.7% | +1.6% |
| 26/08/04 | +9.7% | +3.5% |
| 26/08/05 | +9.3% | +3.4% |
| 26/08/06 | +12.5% | +3.1% |
| 26/08/07 | +14.8% | +3.6% |
| 26/08/10 | +15.9% | +3.6% |
| 26/08/11 | +16.4% | +3.3% |
| 26/08/12 | +17.0% | +3.6% |
| 26/08/13 | +16.1% | +4.3% |
| 26/08/14 | +17.2% | +4.0% |
| 26/08/17 | +14.6% | +3.6% |
| 26/08/18 | +13.7% | +2.9% |
| 26/08/19 | +13.7% | +3.2% |
Korean stocks in these industries
- Hanwha Aerospace 012450
- Korea Aerospace Industries 047810
- LIG Defense & Aerospace 079550
- Hyundai Rotem 064350
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$15K–$50K
Joint
$15K–$50K
Reported 09/01
Traded 08/13
- Kevin Hern
Full saleBoeing
Full saleBoeing
BA
$1K–$15K
Joint
$1K–$15K
Reported 09/01
Traded 08/13
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$746K
3,783 sh
$746K
Filed 06/24
Traded 06/24
- Kimberly A. Fields
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$719K
3,641 sh
$719K
Filed 06/24
Traded 06/23
- Gilbert Cisneros
Full saleAeroVironment
Full saleAeroVironment
AVAV
$1K–$15K
Self
$1K–$15K
Reported 09/04
Traded 07/02