U.S. Department of Commerce
U.S. Government: Agencies/Departments/Divisions | Cabinet-Level Federal Department
Recent News About U.S. Department of Commerce
-  The Securities and Exchange Commission reached a settlement with the former head of Wells Fargo and Company's Community Bank, involving a $3 million penalty. 
-  Sen. Cynthia Lummis (R-Wyo.) said she thinks the proposed Digital Asset Mining Energy (DAME) tax constitutes unfair targeting of the digital asset industry. 
-  Secretary of Commerce Gina Raimondo expressed her full support for Ian Saunders as the U.S. candidate for secretary general of the World Customs Organization. 
-  The United States, along with its Indo-Pacific Economic Framework partners, has reached a significant milestone by concluding negotiations on the IPEF Supply Chain Agreement. 
-  Boston Scientific Corporation confirmed the termination of its original agreement to acquire a majority stake in M.I.Tech Company, Ltd. 
-  In a significant and concerted move towards global consciousness about AI risks, several notable figures in AI research, policy-making, education, and other sectors have endorsed a statement issued by the Center for AI Safety. 
-  National Oceanic and Atmospheric Administration forecasters predict near-normal hurricane activity in the Atlantic for the upcoming season. 
-  The U.S. Department of Commerce will accept comments until July 18 during the first steps of the department's National Oceanic and Atmospheric Administration designating a new national marine sanctuary in Lake Erie, adjacent to Pennsylvania. 
-  Paul Gewirtz, a law professor at Yale and Senior Fellow on Foreign Policy at the John L. Thornton China Center, penned a commentary piece for the Brookings Institute comparing the terms "de-risking" and "de-coupling." 
-  The Federal Trade Commission recently charged Premom, the developer of a fertility app, for deceptive practices and the sharing of users' personal information with third parties illegally. 
-  U.S. Trade Representative Katherine Tai released a statement May 22 to commemorate of the start of World Trade Week, emphasizing the importance of trade on a global scale. 
-  The U.S. Chamber of Commerce expressed concerns over mounting risks posed by Chinese policies. 
-  Under Secretary of Commerce for International Trade Marisa Lago led a U.S. delegation on an official visit to Cairo to co-chair the inaugural meeting of the U.S.-Egypt Joint Economic Commission. 
-  The U.S. has asked Mexico to review the treatment of workers at a Goodyear facility in San Luis Potosí after workers rejected a collective bargaining agreement and complained that their rights to organize weren't being recognized. 
-  Amsterdam-based company Koninklijke Philips N.V. has been ordered to pay more than $62 million to settle charges brought by the Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act in its sales of medical diagnostic equipment in China. 
-  Warren Buffett, chairman and CEO of Berkshire Hathaway, along with Vice Chairman Charlie Munger, recently spoke out against Artificial Intelligence at an annual meeting, where Buffett made dire comparisons to the atom bomb. 
-  Citizens Bank recently reached a settlement with the CFPB to resolve claims that the bank violated regulations and laws protecting consumers who dispute charges on their credit card accounts. 
-  Sen. Steve Daines has reintroduced the Main Street Tax Certainty Act, which would make a 20% tax reduction for pass-through businesses permanent, cementing a tax reduction for small businesses that is set to expire in 2025. 
-  The Securities and Exchange Commission has taken legal action against an investment adviser for breaching regulations outlined in the Liquidity Rule. 
-  The Securities and Exchange Commission announced charges against Classic Asset Management LLC and Douglas G. Schmitz, an indirect part-owner and investment adviser representative, for breach of fiduciary duty by utilizing leveraged exchange-traded funds in client accounts. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
