The Biden administration has published its budget for fiscal year 2025. While the budget is unlikely to be entirely passed in its current form, the proposed budgetary allotments for the Bureau of Industry and Security (“BIS”) and the Department of the Treasury, where the Office of Foreign Assets Control (“OFAC”) sits, are both based on the departments’ work on emerging technology and emerging threats.
For BIS, the budget provides $223 million – only a $1 million increase from the previous year, ...
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