President's Budget Proposes More Sanctions, Export Control Funding
President Joe Biden’s fiscal year 2023 budget proposal, released March 28, includes millions of dollars in additional funding for export control and sanctions work. The proposal includes a $30 million increase in funding for the Bureau of Industry and Security…
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to “implement and enforce export controls.” It also includes an additional $37 million in funding over the previous year's to help the Treasury Department “modernize and update the sanctions process” as outlined in the agency’s 2021 sanctions review (see 2110190044).