Bill > HR5853

This bill amends the Export Control Reform Act of 2018 to significantly increase civil penalties for violations of export control regulations. Specifically, the bill raises the maximum civil penalty from $300,000 to $1,200,000 and increases the potential financial penalty from twice the value of the transaction to four times the value of the transaction. The Export Control Reform Act regulates the export of sensitive technologies and goods from the United States to protect national security interests. The new penalties will apply to any violations committed on or after the date of the bill's enactment, providing a stronger deterrent against unauthorized exports and potentially more severe financial consequences for companies or individuals who violate export control regulations. This increase in penalties reflects the growing importance of controlling the export of strategic technologies and materials in an increasingly complex global trade environment.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/5853/all-info