Commerce News
Commerce
The U.S. Securities and Exchange Commission (SEC) has stepped up its enforcement actions in the cryptocurrency industry after the November bankruptcy filing of crypto exchange FTX and has recently begun targeting stablecoins, sparking concerns that the industry could shift away from the U.S. dollar and peg itself to a different country's currency.
Commerce
Westfall: 'I will remain dedicated to fostering durable, science-based and inclusive policy solutions'
The Department of Commerce announced Katie Westfall has been appointed as a senior advisor at NOAA Fisheries to focus on offshore wind, improving permitting efficiency and enhancing external coordination.
Commerce
Raimondo: U.S., India agreement helps 'identify further avenues of cooperation for our two nations'
Secretary of Commerce Gina Raimondo announced the United States and India reached a memorandum of understanding on semiconductor supply chains and innovation partnerships in a public statement March 10 after meeting with India's Minister of Commerce and Industry Piyush Goyal.
Commerce
Raimondo: 'President's Biden's budget makes targeted, strategic investments'
The Biden-Harris Administration has submitted the President’s Budget for the fiscal year 2024 to Congress with $12.3 billion in discretionary funding and $4 billion in mandatory funding for the Department of Commerce, according to a press release issued March 9.
Commerce
Raimondo: EDA award in Wisconsin will 'help meet industry demand for skilled workers'
The U.S. Department of Commerce’s Economic Development Administration awarded a $2 million grant to Mid-State Technical College in Wisconsin Rapids, Wisconsin to support the development of the Advanced Manufacturing, Engineering Technology and Apprenticeship (AMETA) Center.
Commerce
Hudson: Washington's economy assisted by 'a team that knew economic development very well'
When Washington state issued an early stay-at-home order after reporting the first U.S. COVID-19 death Feb. 20, 2020, economic development organization OneRedmond developed OneEastside SPARK, which became a central resource and planning hub for the area’s business community.
Commerce
Graves: 'Being cyber-secure is a team sport'
Deputy Secretary of Commerce Don Graves emphasized the importance of cybersecurity in the modern age as he delivered remarks at the National Institute of Standards and Technology's National Cybersecurity Center of Excellence on March 7.
Commerce
Fallon: Depleting the SPR and Biden Admin’s Attack on American Energy Poses National Security Risks
News Release: Dear Mr. Chairman: Yesterday, you went on national television and made extremely serious allegations against U.S. Chief Technology Officer Todd Park and White House Press Secretary Jay Carney, essentially accusing them of lying to the American people about the Healthcare.gov website. You then used these...
Commerce
COVID Origins Hearing Wrap Up: Facts, Science, Evidence Point to a Wuhan Lab Leak
News Release: Washington, D.C. Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to the release of an Office of Management and Budget report documenting damage done by the October 2013 federal government shutdown...
Commerce
Grothman: Force Multipliers Critical to Disrupting Criminal Organizations & Protecting Our Border
News Release: WASHINGTON, D.C.-Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, introduced H.R. 3446 the FAFSA Fairness Act of 2013, to simplify and reform the complicated process for students to apply for and receive federal student financial aid when they do not have contact with their parents.
Commerce
Wenstrup: Knowing the Origin of COVID-19 is Fundamental to Helping Predict and Prevent Future Pandemics
News Release: Washington, D.C.-Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to an announcement this morning from the Postal Service reporting a net loss of $5 billion for FY 2013...
Commerce
Hearing Wrap Up: President Biden Damaged America’s Oil Security by Depleting the SPR
News Release: Washington, DC-Today, the House of Representatives passed H.R. 2481, the Veterans Economic Opportunity Act of 2013, which included provisions introduced by Rep. Elijah E. Cummings, Ranking Member of the Oversight and Government Reform Committee, to significantly expand home foreclosure protections for servicemembers, their families, and disabled veterans.
Commerce
Raimondo: 'This is an optimistic time for U.S.-India relations'
U.S. Secretary of Commerce Gina Raimondo traveled to New Delhi, India, this week, to meet with public and private sector leaders and take part in the U.S.-India Commercial Dialogue and CEO Forum.
Commerce
Raimondo: 'I am proud to announce Chris Slevin as my new chief of staff here at the Department of Commerce'
Chris Slevin has been named the new U.S. Department of Commerce Chief of Staff, replacing Mike Harney, the DOC announced Monday
Commerce
Investment and Deployment of Force Multipliers Disrupts Transnational Criminal Organizations and Keeps Americans Safe
News Release: Washington, DC - Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement after Senate Republicans blocked the nomination of Rep. Mel Watt (D-N.C.) to be director of the Federal Housing Finance Agency (FHFA):
Commerce
Comer Applauds Senate Passage of Resolution Blocking D.C. Council’s Pro-Criminal Law
News Release: Dear Senator Durbin: I applaud your decision to hold a hearing on “the civil rights implications when racial profiling and ‘stand your ground’ laws mix."[1]. Over the last year, the Trayvon Martin shooting and the acquittal of his admitted killer have reignited a national conversation about the significant...
Commerce
Comer: We Must Protect Americans from Censorship
News Release: Washington, D.C.-Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, released a Democratic staff memo that refutes Committee Chairman Darrell Issa’s claims that the White House directed the Centers for Medicare and Medicaid Services (CMS) to disable...
Commerce
China's theft of U.S. intellectual property poses 'existential threat' to America
Congress is making inroads into the mammoth task of trying to determine how much of a threat Chinese Communist Party’s (CCP) theft of intellectual property is and what the nation can do to mitigate the problem.
Commerce
Mace Delivers Opening Statement Written by ChatGPT at AI Hearing
News Release: Dear Mr. Chairman: We are writing to request that you withdraw the unnecessary and misguided subpoena you issued last week to compel U.S. Chief Technology Officer Todd Park to testify before the Committee in response to your unfounded accusations that he lied to the American people about the status...
Commerce
What They’re Saying: Support for Bill to Protect Speech from Government Censorship
News Release: Washington, D.C.-Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, applauded Senate passage of H.R. 3204, the Drug Quality and Security Act, a bipartisan bill that would improve consumer drug safety. The bill included several provisions, with minor modifications, from legislation Cummings introduced, The Gray Market Drug Reform and Transparency Act of 2013 (H.R. 1958).
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