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Commerce nominee clears Senate committee
President Trump’s nominee to become Secretary of Commerce, Howard Lutnick, cleared the Senate Committee on Commerce, Science and Transportation on Feb. 4 by a vote of 16 to 12. A floor vote is expected soon, possibly still this week. Among the agencies within the Commerce Department are two agencies that support core elements of regional innovation and technology-based economic development more broadly. The National Institutes of Standards and Technology (NIST) oversees the Manufacturing Extension Partnership and the Economic Development Administration, which is one of the largest federally supported of core TBED and economic development efforts around the country. Lutnick’s support of the CHIPS Act and sustaining the current structure of the National Oceanic and Atmospheric Administration (NOAA) remain unclear, according to Roll Call. Lutnick is currently CEO of Cantor Fitzgerald, a Wall Street financial services firm.