“It is the Committees principal conclusion that the existing Deemed Export Regulatory Regime no longer effectively serves its intended purpose and should be replaced with an approach that better reflects the realities of todays national security needs and global economy. The obsolescence of the current regime has been brought about by profound developments in science and technology, the free-flow of massive amounts of information, the mobility of the worlds populace, the burgeoning economies of other nations, and the change in the character of threats to Americas security.”
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