News and reports from the Department of Commerce.

Commerce News

Commerce
News Release: Treasury Department Announces Puerto Rico to Receive up to $109 Million to Promote Small Business Growth and Entrepreneurship through President Biden’s American Rescue
Commerce

Crypto CEOs agree: 'Regulation, done correctly, can be a huge benefit'

Changpeng Zhao (CZ), the Canadian CEO and founder of Binance, the world's largest crypto exchange, said in a recent tweet that regulation can benefit the crypto industry and ultimately lead to more mainstream adoption by providing guidance and confidence to both those who provide crypto services and those who use them.
Commerce

Chairman Smith: Biden Administration Cannot Override Congress’s Constitutional Tax-Writing Authority

News Release: WASHINGTON, DC - House Ways and Means Chairman Jason Smith (MO-08) released the following statement after the Organization for Economic Co-operation and Development (OECD) published guidance on February 2 regarding the treatment of tax credits and allocation of tax among countries within its global minimum tax project...
Commerce

Chairman Smith Invites DOJ “Chief Pandemic Prosecutor” to Testify on Greatest Theft of Taxpayer Dollars in American History

News Release: WASHINGTON, DC - In response to the Biden Administration’s failure to provide timely accountings of the size, scope, and severity of pandemic fraud perpetrated on the American public, House Ways and Means Chairman Jason Smith (MO-08) sent a letter to Assistant U.S. Attorney Michael Galdo, the acting “Chief Pandemic Prosecutor," inviting him to testify at a Ways and Means committee hearing on unemployment insurance (UI) fraud on February 8, 2023.
Commerce

Chairman Smith Opening Statement: The Greatest Theft of Taxpayer Dollars – Unchecked Unemployment Fraud

News Release: WASHINGTON, DC - House Ways and Means Committee Chairman Jason Smith (MO-08) shined a spotlight today on how Democrats, at every turn, blocked investigations into the greatest theft of taxpayer dollars in American history. In the new majority, Republicans are investigating what exactly is being done or not done to determine the size, scope, and severity of stolen unemployment insurance funds.
Commerce

Fact Check: President Biden’s Rhetoric Doesn’t Match His Results, Economy Continues to Fall Short of Expectations

News Release: WASHINGTON, D.C. - President Biden did not let the facts get in the way of his speech Thursday in Springfield, VA. While Biden claimed the economy is growing strong, the latest report on economic growth reveals that the economy under his Administration’s policies has fallen short of expectations on seven...
Commerce

Notice published by Commerce Department on Feb. 9

The US Commerce Department published a three page notice on Feb. 9, according to the U.S. Government Publishing Office.
Commerce

At West Virginia Field Hearing, Americans Expose the Painful Reality of Living & Working in Biden’s Economy

News Release: PETERSBURG, WV - Today, at the first hearing of the Ways and Means Committee under a new Republican majority, Chairman Jason Smith (MO-08) spoke about how policymakers must put the interests of American workers first by hearing directly from them about their struggles and their ideas to improve the lives and livelihoods of their families and communities after two years of crisis under one-party Democrat rule.
Commerce

What They Are Saying: Appalachian Workers Share Struggles During Hearing on Biden Economy

News Release: ​WASHINGTON, DC - Rising energy prices, the cost of living crisis, and generous government benefits fueling a labor shortage are the major challenges facing workers and local business owners who testified before the first hearing of the House Committee on Ways and Means held in Petersburg, West Virginia.
Commerce

Chairman Smith Opening Statement – State of the American Economy: Appalachia

News Release: PETERSBURG, WV - Today, at the first hearing of the Ways and Means Committee under a new Republican majority, Chairman Jason Smith (MO-08) spoke about how the Committee and Congress must put the interests of American workers first by hearing directly from Americans about their struggles and their ideas to improve the lives and livelihoods of their families and communities after two years of crisis under one-party Democrat rule.
Commerce

What did Commerce Department publish on Feb. 9?

The US Commerce Department published a four page proposed rule on Feb. 9, according to the U.S. Government Publishing Office.
Commerce

Comer Widens Investigation into Biden’s Involvement in His Family’s Business Schemes

News Release: Washington, DC -Today, the House of Representatives voted unanimously to pass bipartisan legislation introduced by Rep. Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, along with Committee Chairman Darrell E. Issa and Rep. Mike Quigley, to amend the Freedom of Information Act (FOIA) to strengthen government openness and accountability.
Commerce

Smith Announces Full Roster of the Ways and Means Committee

News Release: Washington, DC - House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement today in formally releasing the full roster of the House Ways and Means Committee for the 118th Congress...
Commerce

Approval of Expansion of Subzone 59B; CNH Industrial America LLC, Grand Island, Nebraska discussed on Feb. 9 by Commerce Department

The US Commerce Department published a two page notice on Feb. 9, according to the U.S. Government Publishing Office.
Commerce

Commerce Department discusses Foreign-Trade Zone (FTZ) 82-Mobile, Alabama; Authorization of Production Activity; Aker Solutions, Inc. (Subsea Oil and Gas Systems), Mobile, Alabama on Feb. 9

The US Commerce Department published a one page notice on Feb. 9, according to the U.S. Government Publishing Office.
Commerce

Commerce Department discusses Marine Mammals and Endangered Species on Feb. 9

The US Commerce Department published a two page notice on Feb. 9, according to the U.S. Government Publishing Office.
Commerce

Smith: Biden’s Speech Shows Democrats Are Out of Touch with the Reality Facing Americans Today

News Release: WASHINGTON, DC - House Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement in response to President Biden’s State of the Union speech...
Commerce

Smith: Stuck Labor Force Reveals False Advertising by the Biden Administration on the State of the American Economy

News Release: WASHINGTON, DC - House Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement on the January jobs report from the Bureau of Labor Statistics...
Commerce

Chairman Smith Announces Hearing on the State of the American Economy: Appalachia

News Release: Chairman Smith Announces Hearing on the State of the American Economy: Appalachia.
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