News
Print PDF

Practice Areas

White House Seeks Budget Increase for Trade Agencies

Thursday, March 06, 2014
Sandler, Travis & Rosenberg Trade Report

President Obama released March 4 his budget proposal for fiscal year 2015, which begins Oct. 1, 2014. Highlights of the president’s funding requests for trade-related agencies include the following.

- boosts the budget for the renamed International Trade and Investment Administration by 8% to $497 million, including $15 million to accelerate operations of the Interagency Trade Enforcement Center and $20 mil­lion to expand SelectUSA, which promotes foreign direct investment in the U.S.

- includes $111 million for the Bureau of Industry and Security, including an extra $9 million to support the bureau’s expanded export licensing and export enforcement opera­tions associated with the shift of controlled items from the International Trade in Arms Regulations to the Export Administration Regulations

- expands the number of U.S. Customs and Border Protection officers by 2,000 to a record-high 25,775 to accelerate processing and inspection of cargo and passengers at U.S. ports of entry

- raises CBP funding for the enforcement of customs and other laws from $8.1 billion to $8.3 billion, including $812.4 million for automation modernization and $141.1 million for development of the Automated Commercial Environment

- increases funding for the Office of the U.S. Trade Representative from $52.6 million to $56.2 million

- provides $123 million for the Consumer Product Safety Commission, a 4.2% increase

- begins scaling the CPSC’s import surveillance initiative to a full-scale national program and proposes that an import surveillance user fee be enacted in FY 2015 with collections beginning by FY 2016

- funds the Federal Maritime Commission at $25.7 million, up from $24.7 million

- boosts the International Trade Commission’s budget by 4.2% to $86.5 million

- proposes a four-year $302 billion surface transportation reauthorization paid for with transition revenue from business tax reform

To get news like this in your inbox daily, subscribe to the Sandler, Travis & Rosenberg Trade Report.

Customs & International Headlines