S 2041

This bill establishes the Office of Information and Communications Technology and Services within the Bureau of Industry and Security of the Department of Commerce. The office will focus on identifying and mitigating undue risks associated with transactions involving information and communications technology and services (ICTS), particularly those originating from countries of concern like China, Russia, Iran, and North Korea. It aims to review covered transactions, establish mitigation measures, and potentially prohibit transactions deemed to pose unacceptable risks to national security and the digital economy.