Commerce Department

Commerce Department: The department was originally created as the United States Department of Commerce and Labor in 1903 and was renamed the Department of Commerce in 1913 when its bureaus and agencies specializing in labor were transferred to the new Department of Labor. Its mission today is to “promote job creation and improved living standards for all Americans by creating an infrastructure that promotes economic growth, technological competitiveness and sustainable development.” The department is tasked with gathering economic and demographic data for business and government decision-making, issuing patents and trademarks and helping set industrial standards.

Sources: Investopedia, Wikipedia