To amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under such Act.
Export Control: Higher Fines for Illegal Exports
This bill is currently in the House Committee on Foreign Affairs. The committee recently voted to approve the bill, which means it is actively moving forward. It will now head to the full House of Representatives for further consideration.
Legislative Progress
This bill has support from key leaders in the House Foreign Affairs Committee, but it still needs to go through the full legislative process and gain support in the Senate.
Key Points
- This bill would significantly increase the fines that companies or individuals have to pay if they break rules about exporting goods from the United States.
- The maximum fine for a single violation would jump from $300,000 to $1.2 million. If the value of the illegal shipment is very high, the fine could be four times the value of that shipment instead of just two times.
- These rules are meant to keep sensitive technology and products out of the hands of foreign adversaries. By making the fines much higher, lawmakers hope to discourage companies from taking risks with national security.
- The new, higher fines would only apply to illegal actions that happen after the bill is signed into law. It would not punish people or businesses for things they did in the past.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Ordered to be Reported by the Yeas and Nays: 44 - 0.
The committee approved this bill and is sending it to the full chamber for a vote. This is a significant step — most bills never get this far.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Foreign Affairs.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
To amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under such Act.
Data Sources
Sponsor
Cosponsors
(2)Analysis generated by AI. Always verify with official sources.