National Security Adviser Gen. James Jones (ret.) writes in the Wall Street Journal:

This week, President Barack Obama will announce a major step forward in the administration's efforts to fundamentally reform the nation's export-control system so that we strengthen our national security and enhance the competitiveness of U.S. manufacturing and technology. Export controls constitute the regulations we have to restrict the export of certain products and technology for national security and other reasons. The changes that we are making—in what we control, how we control it, how we enforce those controls, and how we manage our controls—will help strengthen national security by focusing on controlling the most critical technologies, preserving the technological edge that U.S. forces enjoy on the battlefield, and strengthening our economic competitiveness.

...The foundation of our new system will ultimately include a single control list that distinguishes in tiers between the most sensitive items and technologies and everything else; a single licensing policy to be applied across all agencies; a center to better coordinate the many agencies involved in export-control enforcement; and a single IT system to make sure decisions are fully informed.The development of a single, tiered, positive control list will allow us to closely and efficiently scrutinize the export of our most sensitive items and more effectively deny exports to those who mean to do us harm.

These reforms constitute much-needed, common-sense change in the way we do business. They will focus our resources on the threats that matter most and help us work more effectively with our allies in the field—all of which bolsters our national security.

Bolster national security and create jobs, as a January study by the Milken Institute and the National Association of Manufacturers found that "modernizing U.S. export controls could increase exports in high-value areas. By 2019, these policy adjustments could enhance real GDP by $64.2 billion (0.4 percent), create 160,000 manufacturing jobs, and heighten total employment by 340,000." More on reforming the current bureaucratically labyrinthine system here.