A bill to require a license for the reexport to an entity on the entity list of certain foreign-made items incorporating more than 10 percent of controlled United States-origin content.

Bill: 116-s-3316
Sponsor: full_name: Sen. Scott, Rick [R-FL]
Introduced: 2020-02-13
Policy area: Foreign Trade and International Finance
Subjects: Administrative law and regulatory procedures

Computers and information technology

Department of Commerce

Licensing and registrations

Trade restrictions
Latest action: action_date: 2020-02-13
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2020-02-13
action_desc: Introduced in Senate
text: <p>This bill requires the Department of Commerce to reduce from 25% to 10% the amount of U.S.-origin components in a foreign-produced good that is exported to a company on the entity list (i.e., a company that is subject to specific license requirements for exports).</p>

tv_txt: II 116th CONGRESS 2d Session S. 3316 IN THE SENATE OF THE UNITED STATES February 13, 2020 Mr. Scott of Florida introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require a license for the reexport to an entity on the entity list of certain foreign-made items incorporating more than 10 percent of controlled United States-origin content.

1. License required for certain reexports to entities on entity list (a) In general Not later than 90 days after the date of the enactment of this Act, the Secretary of Commerce shall revise the Export Administration Regulations to apply the 10 percent de minimis rule under section 734.4(c) of the Export Administration Regulations to reexports described in paragraph (1), (2), or (3) of that section to an entity on the entity list. (b) Definitions In this section: (1) Entity list The term entity list means the list maintained by the Bureau of Industry and Security and set forth in Supplement No. 4 to part 744 of the Export Administration Regulations. (2) Export administration regulations The term Export Administration Regulations means subchapter C of chapter VII of title 15, Code of Federal Regulations.