H.R. 7962: Export Dispute Resolution Act

119th Congress · introduced 2026-03-17 · Foreign Trade and International Finance · Latest: Ordered to be Reported by the Yeas and Nays: 44 - 0.

federal

What does this mean?

Official title

Export Dispute Resolution Act

Plain summary

Export Dispute Resolution Act This bill revises the interagency dispute resolution process for export license applications. In particular, the bill requires the Operating Committee for Export Policy (an interagency body within the Department of Commerce's Bureau of Industry and Security) to resolve disputes related to specified matters by majority vote, including matters relating to countries that are subject to comprehensive U.S. arms embargoes. The bill also authorizes the committee chair to decide cases and matters that cannot be decided by majority vote.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

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What does this mean? (plain words)

Official text

Export Dispute Resolution Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Officials and money

Sponsor: Rep. McCormick, Richard [R-GA-7] · 1 cosponsors

Money: CBO cost estimate: H.R. 7962, Export Dispute Resolution Act (2026-05-13) No linked contracts or vendors yet.

Words on this page, explained (3)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr7962.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr7962 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills