Bill · S. 4883· Senate(119-S-4883)
A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act.
- Introduced
- 6/24/2026
- Last activity
- 6/24/2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- John Kennedy
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill seeks to amend the Export Control Reform Act of 2018. The primary goal is to increase the civil penalties that can be imposed under that specific Act. It proposes raising a flat fine from $300,000 to $1,200,000. Additionally, it aims to increase the penalty based on transaction value from twice the value to four times the value. These changes would apply to violations committed on or after the date this Act is enacted.
Yes· 3 of 5
Does this give the federal government more power?+3
The bill expands the government's enforcement capabilities by significantly increasing the civil penalties it can impose.
Does this give people more protection from unfair business practices?+2
The bill increases penalties for export control violations, which can serve as a deterrent against illegal trade practices.
Does this put more rules on large technology companies?+2
The bill increases the cost of violating export controls, which often apply to advanced technological goods.
The opposite
Would business owners be better off under this?-3
The bill increases the potential financial liability for business owners who violate export control regulations.
Would people with substantial wealth be better off under this?-2
The increase in transaction-based penalties may negatively impact high-value trade dealings for wealthy individuals or entities.
Does this make trade with other countries easier?-2
Increased penalties for export violations may increase the regulatory burden and financial risk for companies engaged in international trade.
Who it would affect, and how
Potential Positive Impacts for People
-
Higher Financial Penalties: By increasing the fine from $300,000 to $1,200,000, the bill increases the financial penalty for violations under Section 1 of subsection (a)(1).
-
Increased Transaction-Based Fines: The bill increases the penalty for certain violations from twice the value of the transaction to four times the value of the transaction under Section 1 of subsection (a)(2).
Potential Negative Impacts for People
- Increased Financial Burden for Violations: Because this bill increases both flat fines and transaction-based penalties, individuals or entities found in violation of the Export Control Reform Act of 2018 or its associated regulations will face higher costs under Section 1.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners-3Good For High Net Worth Individuals-2
- Governance And Ideology
- Increases Federal Power+3
- Economy And Finance
- Improves Consumer Protection+2
- Education And Technology
- Increases Big Tech Regulation+2
- Social Issues And Justice
- Improves Border Security+2
- National Security And Foreign Policy
- Improves Cybersecurity Defense+2Improves International Trade-2
- 6/24/2026
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Andy KimDemocrat · New Jersey