Bill > S4883

This bill aims to strengthen enforcement of the Export Control Reform Act of 2018 by significantly increasing the financial penalties for violations. Specifically, it proposes to raise the maximum civil penalty for a single violation from $300,000 to $1,200,000, and to increase the alternative penalty from twice the value of the transaction to four times the value of the transaction. These changes, which apply to violations occurring on or after the bill's enactment date, are intended to deter individuals and entities from breaking export control laws, which regulate the export of sensitive technologies and goods to protect national security and foreign policy interests.