According to the Journal of Commerce, U.S. exporters are pleased with the White House's decision to launch a review on export controls to help establish a new streamlined system and update to modern technology.
“The economic and security challenges our country faces continue to grow more complex, and we must have a modern export control system that protects U.S. technology while allowing us to cooperate and trade with our close allies and partners," said Marion Blakey, president of the Aerospace Industries Association.
The House of Foreign Affairs Committee will review potential changes and hopes to make a decision by next year.
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