Today, the United States Department of Commerce Bureau of Industry and Security (BIS) implemented the Secretary of State’s removal of Cuba from the list of State Sponsors of Terrorism. The revisions, on public display today at the Federal Register, eliminate references in the Export Administration Regulations (EAR) to Cuba as a State Sponsor of Terrorism.
Guest blog post by Alan Davidson, Director of Digital Economy, U.S. Department of Commerce
This week Commerce Secretary Pritzker travels to Brussels, and issues facing the digital economy will be top of mind. As a starting point for that conversation, it’s worth reviewing what is at stake and why the Commerce Department is working to support innovation and investment online -- on both sides of the Atlantic.
New to the Presidential Ambassadors for Global Entrepreneurship (PAGE) program this year, Julie Hanna understands how important it is to inspire and provide support to potential entrepreneurs around the globe. As an immigrant from Egypt, Julie says that she would not have become the successful businesswoman she is today without the access she was given to new technology and other business resources.
Brian Chesky, co-founder of Airbnb, believes that “the idea of an entrepreneur means to be empowered, to be able to create your own destiny, and to create the kind of world you want to live in.”
Entrepreneurship is one of America’s greatest assets and exports. Empowering young people and innovators worldwide to pursue their dreams and start new businesses has been a priority for President Obama and the Department of Commerce from day one of this Administration – and for good reason: when entrepreneurs bring new products and services to market, they create avenues of economic opportunity for people in their communities and beyond.
Yesterday, President Obama celebrated the 25th anniversary of the Americans with Disabilities Act (ADA) at the White House.
In the East Room, President Obama honored those who made the ADA the law of the land – the activists, congressional representatives, and stakeholders who worked tirelessly to ensure that millions of Americans with disabilities had the chance to make their contributions to the world.
Five years ago today, President Obama signed the Wall Street Reform and Consumer Protection Act into law. (It's commonly called "Dodd-Frank," or simply "Wall Street Reform," and you can read more about what it's doing here.)
Here are a couple numbers that help show exactly what the law has done these past years.
“Dodd-Frank” is shorthand for the Wall Street Reform and Consumer Protection Act, whose chief co-sponsors on Capitol Hill were Senator Chris Dodd and Representative Barney Frank. These reforms — that the President signed into law exactly five years ago today — and others the Administration has put in place since the crisis represent the most sweeping set of financial reforms since the Great Depression.
Why does it matter and why should you care? Let’s take a walk down memory lane.
Today marks a new beginning in our nation’s relationship with Cuba, furthering a path that will engage and empower the Cuban people. While we may be separated by 90 miles of water, we are brought together through shared relationships and the desire to promote a democratic, prosperous, and stable Cuba.