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Howard Lutnick: “BIS earns significantly more money than we spend. Just last…”

Featuring: Howard Lutnick, Secretary of Commerce | National

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GOP Lawmaker Grills Howard Lutnick On Funding For 'Hugely Important' Rural Weather Stations

Published | Video Starts at 05:18

Hiring more law enforcement officers to protect our innovations from being stolen from us and basically exported to countries we don't want it to go is vital. We've BIS earns significantly more money than we spend. Just last year we had 308 million of fines. This year already we expect over 250 million in fines. So this is more police officers. Great economics. And these are intellectual police officers. These aren't on the beat. (05:18–05:28)

CLAIM

Asserts that BIS earned $308 million in fines last year, exceeding its expenditures.

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