What This Bill Does · Plain English
Summary · Congress.gov
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.)
Frequently Asked Questions
Did S.4883 pass?
S.4883 is still alive. Current stage: COMMITTEE. Pass likelihood: pending.
What does S.4883 do?
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 infla…
Who sponsored S.4883?
S.4883 was sponsored by John Kennedy (R-Louisiana).
Full Bill Text
Full text not yet indexed for this bill. Check Congress.gov for the official text.
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