119th Congress Foreign Trade and International Finance
S. 4883: To amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act
A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act.
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill increases civil penalties for violations of U.S. export control laws.
Specifically, the bill increases the maximum statutory civil penalty for each violation of any regulation, order, or license issued under the Export Control Reform Act of 2018 (ECRA) to $1.2 million or four times the value of the transaction, whichever is greater. (Currently, the maximum statutory civil penalty for each violation of ECRA is $300,000 or twice the value of the transaction, whichever is greater. The Department of Commerce's Bureau of Industry and Security adjusts this maximum amount annually for inflation.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Andy Kim D-NJOriginal
Who scored on this bill
- 1John Kennedy SponsorDrew cross-party cosponsors, introduced2 events+6
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History
- Introduced in the Senate by John Kennedy.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.