Inside Cybersecurity

July 2, 2022

Daily News

Commerce Dept. seeks $36.2 million to establish program for reviewing ICTS sector transactions

By Sara Friedman / March 29, 2022

The Commerce Department is proposing to shift responsibility to the Bureau of Industry and Security for reviewing foreign company transactions in the communications and IT sectors under a new regulatory regime, and is seeking $36.2 million in funding to stand up the program.

The move is the latest in a series of actions to implement a controversial rulemaking impacting the information and communications technology and services (ICTS) sector established in an interim final rule under former President Trump.

“The...


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