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.

119th Congress · introduced 2026-06-24 · Foreign Trade and International Finance · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

What does this mean?

Official title

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

Plain summary

This bill increases civil penalties for violations of U.S. export control laws. Specifically, the bill increases the maximum statutory civil penalty for each violation of any regulation, order, or license issued under the Export Control Reform Act of 2018 (ECRA) to $1.2 million or four times the value of the transaction, whichever is greater. (Currently, the maximum statutory civil penalty for each violation of ECRA is $300,000 or twice the value of the transaction, whichever is greater. The Department of Commerce's Bureau of Industry and Security adjusts this maximum amount annually for inflation.)

Congressional Research Service summary (Introduced in Senate), 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

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

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Sen. Kennedy, John [R-LA] · 1 cosponsors

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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).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119s4883.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/s>

Record fed-us-cong119-s4883 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills