AI OVERWATCH Act

This bill amends federal export control law to require a license before certain advanced computer chips used in data centers can be exported or transferred to companies based in China, Cuba, Iran, North Korea, Russia, or other designated countries of concern. Before approving such a license, the Commerce Department would have to send Congress the application and several certifications at least 30 days in advance, and existing licenses would be ended. All licenses would be denied until 14 days after Commerce submits an 'American Artificial Intelligence Victory Strategy' to Congress, and licenses for the most powerful 'restricted' chips would always be denied. The bill also creates a 'trusted United States person' designation that would let qualifying U.S. companies skip certain license requirements when sending chips to most other countries.

Full text and official record on Congress.gov

Sponsors

• Jim Banks Republican sponsor
• 10 cosponsors