RESTRICT Act

This bill would add a section to the Export Control Reform Act of 2018 covering advanced computer chips designed or marketed for data centers. The Commerce Department would have to require a license to export these chips to certain listed countries, and would have to deny licenses for companies based in countries of concern, including China, Hong Kong, and Macau. U.S. companies approved by the Commerce Department could send chips they own and control to other countries without a license, if they meet ownership, security, customer-screening, and yearly audit standards. The Commerce Department could update the definition of covered chips after two years, and the section would end five years after it becomes law.

Full text and official record on Congress.gov

Sponsors

• Gregory W. Meeks Democrat sponsor
• 15 cosponsors