Bill > HR6879

This bill, known as the RESTRICT Act, aims to control the export of advanced integrated circuits, which are crucial components for artificial intelligence and data centers, to countries deemed a concern for U.S. national security. It amends the Export Control Reform Act of 2018 to require a license for exporting these advanced chips to "covered countries," which are specific nations listed in U.S. export regulations. Crucially, the bill mandates the denial of licenses for exports to entities primarily located or headquartered in "countries of concern," which include certain nations and the Special Administrative Regions of Macau and Hong Kong. However, it provides an exemption for exports to countries that are not countries of concern, provided the advanced integrated circuits remain under the ownership and control of an "approved United States person." To qualify as an approved U.S. person, companies must meet strict criteria, including limitations on ownership by entities from countries of concern, robust security measures to prevent misuse or diversion of the chips, and regular audits. The definition of "advanced integrated circuit" can be updated by the Under Secretary of Commerce for Industry and Security to keep pace with technology, but only after consulting with relevant congressional committees and ensuring no adverse impact on national security. This section of the law is set to expire five years after its enactment.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/6879/all-info