S.Amdt. 6575

This amendment, submitted by Mr. Banks and Ms. Warren, aims to add a new section to the Export Control Reform Act of 2018. Its primary purpose is to establish a license requirement for exporting, reexporting, or transferring "covered integrated circuits" and "restricted integrated circuits" to entities located in or headquartered in a country of concern.

Key changes and additions include:

• License Mandates: The Under Secretary of Commerce for Industry and Security must require a license for these exports. The amendment specifically prohibits the issuance of any general licenses for this purpose.

• Strict Prohibitions: The amendment requires that all license applications for restricted integrated circuits (those with a total processing performance of 21,000 or more) be denied.

• Congressional Oversight: Before approving a license for a covered integrated circuit, the Under Secretary must provide the appropriate congressional committees with the license application and a proposed license at least 15 days in advance. This includes certifications regarding U.S. supply levels and limits on shipments to the People's Republic of China and Macau.

• Strategic Planning: The amendment requires the creation of an American Artificial Intelligence Victory Strategy. This strategy must outline a government-wide framework to win the AI race, provide policy recommendations against the People's Republic of China, and assess production capabilities of China compared to the U.S. and its allies for fiscal years 2026 and 2027.