Who is affected and how:

• Applicants for export licenses and authorizations: Their applications and related disposition details will be included in annual reports to Congress. While much of this information is exempt from public disclosure, applicants can expect increased internal tracking and potential follow-up from the agency or congressional staff.
• Companies developing or transferring controlled goods, technology, or services (including firms that work with covered entities): They may face additional scrutiny because agency reports will track transactions and trends tied to covered entities. This could increase compliance workload and documentation expectations.
• Federal agency staff administering export controls (e.g., licensing and enforcement offices): Must collect, redact as necessary, and compile item-level and aggregate data annually, requiring changes to data systems and processes and allocation of staff time to produce reports.
• Congressional oversight committees: Receive more detailed, regular visibility into licensing decisions and enforcement actions related to covered entities, enabling more informed oversight and potential follow-up.
• Covered entities (foreign or domestic entities identified under export-control rules): Transactions involving those entities will be tracked and summarized for Congress, which may affect how agencies assess risk and prioritize enforcement.

Overall effects: The legislation increases transparency to Congress (not to the public) and strengthens oversight of export-control administration involving covered entities. It imposes modest administrative burdens on agencies and potentially on applicants and companies that must respond to follow-up or provide clearer documentation for reporting. It does not change licensing standards, authorization authorities, or penalties directly, but could influence agency behavior through enhanced oversight and data-driven attention to trends.