The United States recently passed a new foreign technology bill that strengthens the national security role of the Commerce Department. This bill, known as the Export Control Reform Act of 2018, is designed to modernize and streamline the export control system, while also ensuring that the U.S. remains competitive in the global market.
The new law will allow the Commerce Department to better protect U.S. technology from foreign adversaries. It will also give the department more authority to regulate exports of sensitive technology, such as dual-use items, which have both civilian and military applications. The bill also requires the Commerce Department to create a new system for licensing exports of certain items, such as encryption technology, that are deemed to be of national security importance.
The new law also seeks to reduce the burden on U.S. businesses by streamlining the export control process. It will create a single licensing system for all exports, instead of the current system which requires companies to obtain multiple licenses from different government agencies. This will make it easier for companies to export their products without having to navigate a complex bureaucracy.
The new law is part of a larger effort by the Trump Administration to strengthen the national security role of the Commerce Department. The department has traditionally focused on promoting economic growth and development, but this new law will help it play a more active role in protecting U.S. technology from foreign adversaries.
The Export Control Reform Act of 2018 is an important step in ensuring that the U.S. remains competitive in the global market while also protecting its national security interests. By streamlining the export control process and giving the Commerce Department more authority to regulate exports, the U.S. will be better able to protect its technology from foreign adversaries and ensure that its businesses remain competitive in the global market.
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