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Department of Commerce Restricts Export of All Firearms to Non-Government Entities in High-Risk Countries

Press releases
Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released an interim final rule (IFR) amending the Department’s licensing policy for exports of firearms, ammunition, and related components under its jurisdiction. The changes being announced are intended to reduce the risk of legally exported firearms and related items being diverted or misused to fuel regional...

Remarks by Deputy Secretary of Commerce Don Graves at the BIS Update Conference

Hello everyone! I’m very pleased to be back here today speaking with you all. I’d like to give a big thank you to the BIS team for putting together this remarkable conference. The last time I spoke at this conference was in 2022. Looking back, I don’t think anyone expected that in two years’ time, Russia’s illegal war of aggression against Ukraine would still be ongoing. But I believe that is a...

Remarks by Commerce Secretary Gina Raimondo at the Intel Announcement

Good afternoon. It’s a big day here in Arizona. It’s also a big day in Ohio, New Mexico, and Oregon. In fact, it’s a monumental day for the country because today we mark one of the largest investments ever in the history of U.S. semiconductor manufacturing. I want to begin by thanking all the hardworking people making this possible – starting with the building trades who are working hard to build...

President Biden’s Fiscal Year 2025 Budget Would Strengthen Commerce Department’s Mission to Boost American Innovation and Competitiveness

Press releases
Proposed Budget Supports Key Commerce Department Initiatives and Programs to Increase Access to Good Jobs, Strengthen Competitiveness in the 21st Century Today, the Biden-Harris Administration submitted to Congress the President’s Budget for Fiscal Year 2025. Following historic progress made since the President took office—with nearly 15 million jobs created and inflation down two-thirds—President...

One Year Later: Secretary Raimondo Reiterates Need for America to Lead on CHIPS in Protecting America’s Economic and National Security

Emphasizes Need to Produce Leading-Edge Chips for AI One year ago, U.S. Secretary of Commerce Gina Raimondo delivered a speech at Georgetown University’s School of Foreign Service where she outlined her vision in implementing President Biden’s historic CHIPS and Science Act. Last week, she provided an update on its implementation and announced that future projects will be prioritized based on...

Remarks by U.S. Secretary of Commerce Gina Raimondo: Investing in Leading-Edge Technology: An Update on CHIPS Act Implementation

Thank you to the Center for Strategic and International Studies for hosting us. Last February, the Commerce Department rolled out the funding applications for the CHIPS for America program. I said at the time that our effort mirrors the space race – and I meant it. President Kennedy’s historic call to put a man on the Moon spurred an unprecedented effort by the government, private sector, and...

Remarks by Commerce Secretary Gina Raimondo at the GlobalFoundries Announcement

Good afternoon! I’m so excited to be here. This is a big day and we owe so much of it to Leader Schumer, who was the driving force behind the CHIPS and Science Act. Thank you to your leader, Tom Caulfield. Thank you to Governor Hochul, who has been a steadfast ally; Representative Tonko, who has been an advocate for New York; and Lael Brainard, who is joining us from the White House. And finally –...

Remarks by Commerce Secretary Gina Raimondo at the Virginia Innovation Forum

Thank you, Senator Warner. I am grateful to you and Representative Beyer for joining us today. Your leadership was essential to getting the CHIPS and Science Act passed and making the Innovation Fund happen. I also want to thank Assistant Secretary Davidson and the entire Innovation Fund team at NTIA for your terrific work standing up this program and funding projects like the one we’re here to...

Remarks by Deputy Secretary of Commerce Don Graves at the NTIA Spectrum Policy Symposium

Thank you, Alan, for the introduction. Hello everyone! It’s great to be here today to speak with you all about the implementation of the Biden-Harris Administration’s groundbreaking effort to build and execute a National Spectrum Strategy and secure the future of U.S. leadership in wireless communications. Our National Spectrum Strategy is essential to maximizing our economic and national security...

Remarks by Commerce Secretary Gina Raimondo at the White House Commission on Hispanics

Thank you for that introduction. Welcome, everyone, to the Commerce Department. And thank you all for your willingness to serve on this commission. America’s growing and vibrant Hispanic communities are a driving force in our economy. I saw it firsthand during my time as Governor of Rhode Island, where the Hispanic population grew by nearly 40 percent in the last decade. More than 375,000 of our...