July 2, 2020
Commerce's Bureau of Industry and Security seeks budget hike to counter China on tech
The Bureau of Industry and Security is requesting an 8 percent increase in funding 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 $10 million funding boost is part of the Trump administration’s fiscal 2021 budget request for the Commerce Department. It is proposing to cut the overall Commerce budget nearly in...