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A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act.

Bill Number
S. 4883
Origin Chamber
Senate
Congress
119th Congress, Session 2
Status
Introduced
Latest Action
2026-06-24: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Last Updated
2026-07-07T04:48:35Z

AI-Generated Summary

Summary of S. 4883

Purpose

This legislation amends the Export Control Reform Act of 2018 to raise the maximum civil penalties for violations of export control regulations, orders, or licenses.

Key Provisions

Significant Changes to Existing Law

The bill quadruples both the fixed maximum penalty and the multiplier applied to the value of the underlying transaction, strengthening the financial consequences for noncompliance under the 2018 Act.

Potential Impacts

Main Stakeholders

Notable Legal, Constitutional, or Political Implications

The bill enhances civil enforcement mechanisms without altering criminal provisions or introducing new regulatory frameworks, focusing solely on penalty adjustments for existing violations.

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

Sponsor

Sen. Kennedy, John [R-LA]

Cosponsors (1)

Sen. Kim, Andy [D-NJ]

Recent Actions

Bill Versions