Daily News

Commerce requests 8 percent BIS funding hike to counter China’s tech rise

February 12, 2020
The Commerce Department’s Bureau of Industry and Security is requesting an 8 percent increase in funding -- just over $10 million -- so it can implement the Export Control Reform Act and identify “foundational” and “emerging” technologies, prioritize strategies to combat China’s “Made in China 2025” initiative and its civil-military fusion methods, and better detect export control violations. The funding boost is part of the Trump administration’s fiscal year 2021 budget request for the Commerce Department. It is proposing to...

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