Today, following President Biden’s signing of an Executive Order on “Ensuring the Responsible Development of Digital Assets” that establishes a Federal government-wide approach to the development of the digital assets industry, Secretary of Commerce Gina M. Raimondo issued the following statement: “President Biden has identified a bold and prudent path forward for a whole-of-government approach to...

Today, March 8, U.S. Deputy Secretary of Commerce Don Graves hosted a roundtable with industry and labor leaders to promote safe business travel in the wake of the COVID-19 pandemic. They addressed shifting demand as pandemic restrictions ease and more people travel for spring and summer vacations. As businesses return to in-person work, the panel also discussed how to organize large group events...

The Republic of Korea’s Minister of Trade, Industry and Energy Moon, Sung Wook and Secretary of Commerce Gina M. Raimondo are pleased to announce the formal addition of the Republic of Korea to the growing global coalition of nations that are standing against Russian aggression by implementing stringent export control policies. The U.S. Department of Commerce, through its Bureau of Industry and...

The U.S. Commerce Department, through its Bureau of Industry and Security (BIS), has taken two additional actions in response to Russia’s brutal assault on the sovereignty of Ukraine. The new regulations target Russia’s oil refining sector with new stringent export controls and identify 91 entities that support Russian military activities. These actions will further restrict access to U.S...

Bipartisan Innovation Act would invest $52 billion in domestic semiconductor production On Wednesday, March 2, following President Biden’s State of the Union address, where he called on Congress to pass the Bipartisan Innovation Act, Commerce Secretary Gina Raimondo toured the MIT.nano lab at the Massachusetts Institute of Technology (MIT) to discuss the need for increased domestic production of...

Today, the U.S. Commerce Department, through its Bureau of Industry and Security (BIS), imposed on Belarus the stringent export controls made effective on Russia on February 24, 2022, in response to Belarus’s substantial enabling of Russia’s further invasion of Ukraine. Application of these controls on Belarus will help to prevent the diversion of items, including technology and software, in the...

On February 18, 2022, the Department of Commerce published a Federal Register notice seeking applications to join the U.S. Section of the U.S.-Brazil CEO Forum for the 2022-2025 term. The application period will be open until April 1, 2022, and will seek to fill up to twelve (12) positions. Launched in 2007, the U.S.-Brazil CEO Forum consists of up to 24 CEOs from the United States and Brazil, who...

The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has awarded nearly $54 million in grants for 13 high-impact projects for research, development and testbeds for pandemic response. The funding, which was provided by the American Rescue Act, will support projects at eight manufacturing innovation institutes in the Manufacturing USA ® network, working with more...