Commerce Department Underfunded in Tech Fight Against China
Congressional Report Highlights Lax Export Restrictions, Calls for Reform and Tighter Controls
- Commerce Secretary Gina Raimondo warns that the department’s operations to protect U.S. supply chains and critical technology are 'woefully underfunded.'
- Republican lawmakers argue that the Bureau of Industry and Security (BIS) needs reform before additional resources are allocated.
- Raimondo states that the Commerce Department needs more funding to carry out the president's directives on AI and other advanced technologies.
- A congressional report finds that the U.S. is 'hemorrhaging sensitive technology' to China due to lax federal implementation of export restrictions.
- The report recommends a policy of denial for all exports of national security-controlled items to China and a curtailing of the BIS’s authority to overrule objections to export license applications.