1/13/2010

A coalition of aerospace, manufacturing and technology industry groups on Tuesday released a report calling on the Obama administration to revamp export controls seen as remnant of the Cold War. The Coalition for Security and Competitiveness said an update is needed to "create a 21st-century export control regime that protects critical technologies, safeguards our national security, spurs innovation and promotes economic growth." President Barack Obama already has ordered a review, and the chairman of the House Foreign Relations Committee has promised to introduce overhaul legislation later this year, leaving industry officials optimistic about positive change. "We genuinely expect action from the administration," said Remy Nathan, the assistant vice president for international affairs at AIA.

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