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

This bill proposes to amend the Export Control Reform Act of 2018, specifically targeting the civil penalties that can be imposed for violations. The primary change involves a substantial increase in the maximum monetary penalties. Under the proposed amendment, the maximum civil penalty for a violation would increase from $300,000 to $1,200,000 . Additionally, the penalty based on transaction value would rise from twice the value of the transaction to four times the value of the transaction . These increased penalties will apply to any violations of the Export Control Reform Act of 2018, or its associated regulations, orders, or licenses, that are committed on or after the date this Act is enacted into law.