News and reports from the Department of Commerce.

Commerce News

Commerce
Bipartisan lawmakers have introduced the Protecting Kids on Social Media Act, would prohibit children under the age of 13 from using social media and require parental consent for teens between 13 and 17 to use it.
Commerce

McClain-Delaney: 'The success and growth of the CBRS band show the promise of dynamic spectrum sharing'

A report by the Institute for Telecommunication Sciences on a sharing plan for the Citizens Broadband Radio Service shows that it works, according to National Telecommunications and Information Administration
Commerce

Vidal: 'Innovations in green energy technology' make up critical part of tackling climate change

The U.S. Patent and Trademark Office (USPTO), the Federal Laboratory Consortium (FLC), and the academic technology transfer non-profit AUTM will host the Green Energy Innovation Expo May 17.
Commerce

EDA to fund regions hit by environmental disasters in 2021 and 2022

The U.S. Economic Development Administration announced on April 24 that it is providing funding for regions that have been hit by environmental disasters in 2021 and 2022.
Commerce

Center for Democracy and Technology: EARN IT Act 'will make it harder for law enforcement to protect children' and 'result in online censorship'

Days before the EARN IT Act is scheduled for a debate in the Senate Judiciary Committee, a coalition of civil society organizations is asking senators to oppose the bill.
Commerce

Apple, Google lead industry initiative 'to help combat unwanted tracking' across iOS, Android

Apple and Google have joined forces on a new initiative to prevent the misuse of Bluetooth location-tracking devices for undesired tracking across iOS and Android platforms.
Commerce

Khan: FTC will use its authority ‘to investigate potentially illegal deals’

The Federal Trade Commission sued to stop health care systems in Louisiana and Tennessee from consummating a $150 million acquisition because the commission or the U.S. Department of Justice weren’t notified before the merger.
Commerce

Khan: FTC takes on 'some of the most pressing challenges that Americans face'

Federal Trade Commission (FTC) Chair Lina Khan outlined the FTC’s budget request for fiscal year 2024 in testimony to the Subcommittee on Financial Services and General Government of the United States House of Representatives.
Commerce

Vaca: FTC will 'protect veterans and the broader military community from fraud and related threats’

The deputy director of the Bureau of Consumer Protection at the Federal Trade Commission during testimony before the U.S. Senate Committee on Veterans’ Affairs reiterated the commission’s call for legislation to revive its ability to seek relief for veterans who are exploited monetarily.
Commerce

Jackson: Restore Fund 'generates real, measurable benefits for the planet'

Apple significantly increased the size of its Restoration Fund April 11, tripling the company's overall commitment to developing high-quality, natural carbon removal initiatives.
Commerce

Coinbase chief legal officer on SEC litigation: 'We have not been told how the SEC believes the law applies to our business'

Coinbase, the largest crypto exchange in the U.S., has filed a narrow action in federal court seeking an answer from the U.S. Securities and Exchange Commission (SEC) in response to a petition Coinbase filed last summer.
Commerce

Hill: Subcommittee 'is on the cutting edge of crafting an effective functional regulatory system for the digital assets ecosystem'

Many crypto industry insiders have been calling on U.S. lawmakers and regulators to establish clear regulations for the industry, warning that a failure to do so will only increase the flood of innovators and entrepreneurs moving out of the U.S. to more crypto-friendly jurisdictions.
Commerce

Visa's head of crypto: 'We have an ambitious crypto product roadmap'

Visa, the global payment giant, seems to be moving forward in the crypto industry once again after advancing into the space in 2020 but pausing in 2022 due to the high-profile collapses of some crypto companies, like exchange FTX.
Commerce

Keshap: 'Bangladesh is one of the most exciting markets in the world right now'

Atul Keshap, current president of the U.S.-India Business Council and a former U.S. diplomat, has been named President of the U.S.-Bangladesh Business Council by the U.S. Chamber of Commerce.
Commerce

Cook: Apple innovates 'while protecting the planet we share'

Apple announced April 13 the acceleration of its efforts to employ more recycled materials in all its products.
Commerce

Congressional witnesses propose methods for oversight of spot market regulation

Witnesses in a Congressional hearing on April 27 on “The Future of Digital Assets: Identifying the Regulatory Gaps in Spot Market Regulation,” suggested giving the CFTC or a self-regulatory organization oversight authority.
Commerce

Raimondo: 'For over a decade, the U.S. has ranked as the top destination for international companies'

The lineup of U.S. government representatives, business leaders and global executives who will speak at the 2023 SelectUSA Investment Summit has been announced.
Commerce

Graves: Commerce wants to 'ensure the United States remains a leader for business operating in space'

U.S. Deputy Secretary of Commerce Don Graves spoke about the future of the space sector and the need to make it more commercially accessible at the Space Foundation's Space Symposium in Colorado Springs.
Commerce

Raimondo: MDCP 'an incredible opportunity to participate in a program with a track record of creating significant returns on investment

Non-profit industry groups can apply for federal funding of up to $300,000 to support projects that will generate an increase in both U.S. exports and U.S. jobs.
Commerce

Guliani: U.S. ' looks forward to working with the UK and all members of the Global CBPR Forum'

The United Kingdom recently submitted an application to join the Global Cross-Border Privacy Rules Forum as an associate.
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