Maintaining American Superiority by Improving Export Control Transparency Act
Export Controls: New Reporting on Sales to Restricted Foreign Companies
This bill was recently introduced in the Senate and is currently being reviewed by the Committee on Banking, Housing, and Urban Affairs. It is in the early stages of the legislative process and has no upcoming votes scheduled at this time. The bill is considered active as it waits for the committee to decide on its next steps.
Legislative Progress
The bill has strong bipartisan support from influential senators, which helps its chances, but it still needs to pass through the committee process and compete for time on the Senate floor.
Key Points
- The bill requires the Commerce Department to give Congress a detailed annual report on all requests to sell sensitive technology to restricted companies in countries like China and Russia.
- The report must include the names of the U.S. companies applying for licenses, a description of the items, who the foreign buyer is, and how much the deal is worth.
- It also tracks whether the government approved or denied these sales and includes details on checks made to ensure the technology is not being misused.
- While Congress gets the specific details to help with oversight, the private business information stays confidential and is not released to the general public.
- This move aims to help the government better understand how American technology might be reaching foreign adversaries or competitors in restricted regions.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
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
Maintaining American Superiority by Improving Export Control Transparency Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.