News and reports from the Department of Commerce.

Commerce News

Commerce
The U.S.-Korea Business Council hosted high-level meetings April 28 to strengthen the bilateral economic and trade relationship between the two nations.
Commerce

McHenry on First Republic collapse: 'Americans should remain confident in the safety of their deposits at U.S. banks'

JPMorgan Chase Bank has entered into an agreement to assume all deposits and substantially all of the assets of First Republic Bank.
Commerce

U.S. senator on the need for U.S. crypto bill: 'You're going to go where there's a regulatory certainty'

Sen. Cynthia Lummis (R-WY) was one of several legislators who spoke at the April 26 Bitcoin Policy Summit, a one-day conference hosted by the Bitcoin Policy Institute.
Commerce

Davis: 'We are starting to understand PFAS in the firefighter gear'

Researchers at the National Institute of Standards and Technology discovered firefighters' protective gear, known as turnout gear, contains high levels of per- and polyfluoroalkyl substances (PFAS), which are suspected carcinogens.
Commerce

Raimondo: 'There is no better place to bring your business than the United States'

During her opening remarks at the 2023 SelectUSA Investment Summit May 2, Commerce Secretary Gina Raimondo highlighted the country's major draws for foreign investors.
Commerce

Khan: 'Claims of innovation must not be cover for lawbreaking' with AI

Federal Trade Commission Chair Lina M. Khan, alongside officials from three other federal agencies, jointly pledged to remain committed to defending fairness, equality and justice in the face of the rising popularity and influence of artificial intelligence.
Commerce

Commerce's Raimondo: $4 million grant 'will support green jobs and clean, affordable electricity for residents of the Fort Mojave Reservation'

The U.S. Department of Commerce's Economic Development Administration (EDA) recently announced a $4 million grant to the Fort Mojave Aha Macav Power Service in Arizona.
Commerce

Commerce Department's Raimondo appoints new board chair of FirstNet Authority

Secretary of Commerce Gina Raimondo announced that Chief Richard Carrizzo has been appointed as board chair of the First Responder Network Authority.
Commerce

Computer & Communications Industry Association president on social media age restrictions: 'This legislation could potentially hinder access to valuable resources'

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.
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