The bill would require the Commerce Department to review competition when considering export, reexport, or in-country transfer licenses for certain emerging and foundational technologies. Before issuing a license that would be the only one for a technology and a particular end user or end use, the Commerce Department must certify to specified congressional committees that it received no other application, or that the technologies in multiple applications are different enough to count as separate technologies. The review must include consultation with the International Trade Administration. After issuing a sole license, the department must approve later applications for the same technology unless they raise a unique risk or concern that was not present earlier.
Companies seeking licenses for these technology transfers could be affected by the competition review and the rules for sole and later licenses. The bill does not describe specific effects on individuals.
No publicly available information.
The bill's findings say sole licenses can distort markets, create economic and security vulnerabilities, and undermine fairness and confidence in export licensing. The bill states that a competitive market review could address these concerns.
No publicly available information.