Mes: enero 2021

WASHINGTON, Jan. 2, 2021 /PRNewswire/ — Luna Global Networks applauds Congress overriding the President’s veto on the National Defense Authorization Act (NDAA) for FY 2021. On Jan. 1, the US Senate overrode the President’s veto on the NDAA. This historic anti-corruption legislation ending anonymous companies in the United States passed by both Chambers of Congress is now law.

Illicit trade, which includes a convergence of numerous trafficking, smuggling, financial and cyber crimes, fuels a multi-trillion-dollar illegal economy globally every year. While the COVID-19 pandemic has brought economic malaise to most sectors, the illicit economy is booming. This is especially true across e-commerce marketplaces that are generating tremendous prosperity for scammers, fraudsters, kleptocrats, organized criminals, terrorists, and other threat networks. 

Fortunately, the newly-enacted law will attack a critical vulnerability of this illicit economy: anonymous shell companies. This will level the playing field for many legitimate businesses and industries across the country that get harmed, for example, by counterfeiters and online criminals. Included as part of the NDAA — which President Trump had inexplicably vetoed — is the Corporate Transparency Act, which will modernize our nation’s anti-money laundering rules and help law enforcement identify the true, or «beneficial» owner of a company at the time of its formation. Such data will help US officials fight corruption, organized crime, and terrorism. 

«Through the use of anonymous shell companies, criminals have avoided detection in ways that have financed other threats and harmed American consumers, including through the sale and trafficking of counterfeit medicines from India and China worth hundreds of millions of dollars including those used to treat breast cancer, cholesterol, high blood pressure, and other serious health conditions; knock-off parts across the Pentagon’s supply chains that have cost the US military tens of millions of dollars and put our soldiers at risk; and other contraband that finance insecurity that undermines US foreign policy and national security interests,» said David M. Luna, CEO & President of LGN.

Terrorist groups also manipulate anonymous shell companies to finance their infrastructure, operations, and campaigns of terror in the US and internationally. Oligarchs do as well, including those aligned with adversarial countries that are conducting massive cyberattacks against our government and private sector as reported in recent weeks.

Congressional leadership in overriding the president’s veto and enacting this important legislation into law helps to not only protect our businesses and keep consumers safe and healthy, but will also give our law enforcement agencies the authorities and tools needed to protect our homeland, markets, and communities against determined bad actors and threat networks. 

David M. Luna, former US diplomat and national security official, is President and CEO of Luna Global Networks & Convergence Strategies LLC. 

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SOURCE Luna Global Networks

WASHINGTON, Jan. 1, 2021 /PRNewswire/ — The Semiconductor Industry Association (SIA) today applauded Congress for enacting the National Defense Authorization Act (NDAA), legislation that includes Title XCIX, «Creating Helpful Incentives to Produce Semiconductors for America,» which authorizes federal incentives to promote semiconductor manufacturing and federal investments in semiconductor research. SIA represents 98 percent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms.

«Enactment of the NDAA will help propel U.S. economic growth and cement America’s position at the forefront of semiconductor innovation, which is critical to the game-changing technologies of today and the future,» said Bob Bruggeworth, President, CEO, and Director of Qorvo and SIA Chair. «The next step is for leaders in Washington to fully fund the NDAA’s domestic chip manufacturing incentives and research initiatives. Doing so will make America one of the world’s most attractive places to produce this foundational technology.»

The provisions authorized by the NDAA must still be funded through appropriations made by Congress. SIA and the Boston Consulting Group released a study in September finding robust federal incentives for domestic semiconductor manufacturing would reverse the decades-long trajectory of declining chip production in America and create as many as 19 major semiconductor manufacturing facilities, or fabs, and 70,000 high-paying jobs in the U.S. over the next 10 years. A separate SIA report released in June found federal funding for semiconductor research generates an outstanding return on investment for taxpayers, with each additional dollar invested adding $16.50 to U.S. gross domestic product.

«The semiconductor provisions in the NDAA will strengthen the U.S. economy, our national security, and our leadership in chips and the many technologies they enable,» said John Neuffer, SIA president and CEO. «We applaud the leadership and dedication of the provisions’ champions in Congress, a bipartisan group led by Sens. Cornyn, Warner, Cotton, and Schumer in the Senate and Reps. Matsui and McCaul in the House. Now it’s critical for leaders in Washington to put these provisions into action by fully funding them, and we stand ready to work with policymakers to make that a reality.»

Media Contact
Dan Rosso
Semiconductor Industry Association
240-305-4738
drosso@semiconductors.org

About SIA
The Semiconductor Industry Association (SIA) is the voice of the semiconductor industry, one of America’s top export industries and a key driver of America’s economic strength, national security, and global competitiveness. Semiconductors – the tiny chips that enable modern technologies – power incredible products and services that have transformed our lives and our economy. The semiconductor industry directly employs nearly a quarter of a million workers in the United States, and U.S. semiconductor company sales totaled $193 billion in 2019. represents 98 percent of the U.S. semiconductor industry by revenue and nearly two-thirds of non-U.S. chip firms. Through this coalition, SIA seeks to strengthen leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration, and key industry stakeholders around the world to encourage policies that fuel innovation, propel business, and drive international competition. Learn more at www.semiconductors.org.

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SOURCE Semiconductor Industry Association (SIA)