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The United States Department of Commerce (DOC) is an executive department of the U.S. federal government.It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing economic development, promoting foreign direct investment, and safeguarding national economic security.
The Commerce Clause confers a unique position upon the federal government in connection with navigable waters: "The power to regulate commerce comprehends the control for that purpose, and to the extent necessary, of all the navigable waters of the United States....
Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale distribution and transfer (exchange through buying and selling) of goods and services at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local ...
The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its jurisdictions.
The Commerce Secretary's office as it looked in the mid-20th century. The United States secretary of commerce ( SecCom ) is the head of the United States Department of Commerce . The secretary serves as the principal advisor to the president of the United States on all matters relating to commerce .
Headquartered in Washington, DC, with six regions comprising more than 60 field and home offices, the agency provides mediation and conflict resolution services to industry, government agencies and communities. The headquarters of the Federal Reserve System. The Federal Reserve System (often called "the Fed"), is the central bank of the United ...
On July 1, 1903, the Department of Commerce and Labor took control of 13 subordinate agencies, making the department one of the largest and most complicated in the U.S. Government. [6] Although the youngest executive department, it took the responsibility for the oversight of some of the oldest U.S. Government agencies and programs. [11]
Complete outsourcing or contracting out, with a privately owned corporation delivering the entire service on behalf of the government. This may be considered a mixture of private sector operations with public ownership of assets, although in some forms the private sector's control and/or risk is so great that the service may no longer be ...