Bill > HR4530

This bill establishes new licensing requirements for subsidiaries of companies that are listed on the Entity List or Military End User List, which are two specific lists maintained by the Department of Commerce's Bureau of Industry and Security. Under the bill, the Secretary of Commerce is authorized to apply export licensing requirements to any affiliate that is 50 percent or more owned by an entity on these lists. Before adding an entity to either list, the Secretary must first conduct an assessment of whether applying the Foreign Direct Product Rule (a regulation controlling exports of certain goods produced using U.S. technology) would advance U.S. national security or foreign policy interests. The bill also provides a waiver mechanism allowing the Secretary of Commerce, in consultation with other federal agencies, to exempt specific entities from these requirements if doing so serves U.S. national security interests. When a waiver is issued or an entity is added to a list, the Secretary must notify congressional committees within two days and provide a detailed explanation. The bill aims to strengthen export controls and prevent potentially sensitive technologies from being transferred to entities that could pose a national security risk.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/4530/all-info