HR 5853
To amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under such Act.
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- Passed Senate
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- Became Law
Bill overview
This bill proposes to increase the civil penalties that can be imposed for violations of the Export Control Reform Act of 2018. Specifically, it raises the maximum penalty from $300,000 to $1,200,000 and increases the penalty to four times the value of the transaction instead of twice. These changes are intended to strengthen enforcement of export control regulations. The updated penalties will apply to violations occurring after the bill’s enactment.
Key provisions
- Increases the maximum civil penalty for violations of the Export Control Reform Act of 2018.
- Raises the penalty from $300,000 to $1,200,000.
- Increases the penalty from twice the value of the transaction to four times the value of the transaction.
- The changes apply to violations committed on or after the bill’s enactment.
Who is affected
- Individuals and companies involved in exporting goods and technology.
- Government agencies responsible for enforcing export control regulations.
- Businesses subject to export control regulations.
Notable changes
- The bill modifies existing civil penalty provisions within the Export Control Reform Act of 2018.
Fiscal impact
The bill is expected to increase civil penalties collected by the government.
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Primary sponsor
Cosponsors
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119th CONGRESS — 1st Session
H. R. 5853
IN THE HOUSE OF REPRESENTATIVES
A BILL
To amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under such Act.
by striking $300,000
and inserting $1,200,000
; and
by striking twice the value of the transaction
and inserting four times the value of the transaction
.