Sponsors (6)
The bill tightens export controls to reduce national security risks from foreign access to advanced chips while providing limited domestic exemptions and oversight — at the cost of higher compliance burdens, supply‑chain disruption, potential loss of export markets, and regulatory uncertainty.
U.S. military, intelligence community, and the general public: reduces access by China and other countries of concern to high‑performance integrated circuits, lowering the risk they acquire advanced AI and military capabilities that could threaten U.S. security.
Domestic tech firms, trusted U.S. persons, and some small businesses: establishes an exemption pathway for designated “trusted United States persons,” allowing certain commercial activity to continue under set criteria instead of a blanket ban.
Congress, Commerce Department, and interagency reviewers: increases transparency and oversight by requiring detailed pre‑approval reporting to Congress and delivery of an AI export strategy before sensitive chip exports are allowed.
Manufacturers, businesses, and everyday consumers: terminating prior licenses and broadly denying exports to countries of concern risks disrupting supply chains and raising costs for companies and consumers who rely on affected products.
U.S. tech exporters, workers, and export‑dependent communities: stricter controls could cause U.S. firms to lose market share abroad to non‑U.S. competitors or spur partners to develop alternative suppliers, threatening jobs and export revenue.
Small businesses and exporters: new licensing requirements, detailed analyses, and administrative burdens will raise compliance costs, slow transactions, and increase delays for legitimate trade.
Based on analysis of 2 sections of legislative text.
Imposes strict export licensing and near-blanket denials for high-performance integrated circuits sent to entities tied to designated countries of concern, with a narrow vetted exemption and enhanced congressional review.
Official title: Require the Under Secretary of Commerce for Industry and Security to require a license for the export, reexport, or in-country transfer of certain integrated circuits, and for other purposes.
Introduced April 30, 2026 by James E. Banks · Last progress April 30, 2026
Requires Commerce, working with other agencies, to impose new export-control license requirements that block or tightly limit exports, reexports, and in-country transfers of certain high-performance integrated circuits to firms located in listed countries of concern (China including Hong Kong/Macau, Cuba, Iran, North Korea, Russia, and other designated entries). It denies licenses for the highest-performance “restricted integrated circuits,” terminates preexisting licenses to those countries, creates a narrow exemption for vetted “trusted United States persons,” and ties a temporary denial rule to delivery of a required interagency American Artificial Intelligence Victory Strategy report to Congress.