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License Monopoly Prevention Act of 2025

Bill Number
S. 3200
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Foreign Trade and International Finance
Status
Introduced
Latest Action
2025-11-19: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Last Updated
2025-12-19T20:44:02Z

AI-Generated Summary

Purpose

The License Monopoly Prevention Act of 2025 aims to prevent the issuance of exclusive (monopoly) export licenses for sensitive technologies, ensuring fair competition in the market. It addresses concerns that such monopolies distort markets, undermine the credibility of U.S. export controls, and hinder international cooperation on regulating sensitive technologies.

Key Provisions

Significant Changes to Existing Law

This bill amends Section 1758(b)(3) of the Export Control Reform Act of 2018 (50 U.S.C. 4817(b)(3)) by adding new subparagraphs (D) and (E). Previously, BIS could issue licenses without a mandatory review for competitive impacts or a presumption to approve follow-on applications, potentially allowing unintended monopolies. The changes introduce a structured review process and a default approval for subsequent similar licenses to promote competition.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Scott, Rick [R-FL]

Cosponsors (1)

Sen. Warren, Elizabeth [D-MA]

Recent Actions

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