Entity List Ver­i­fi­ca­tion Act

Bill: 117-s-568
Sponsor: full_name: Sen. Scott, Rick [R-FL]
Introduced: 2021-03-03
Policy area: Foreign Trade and International Finance
Subjects: Alliances

Congressional oversight

Licensing and registrations

Trade restrictions
Latest action: action_date: 2021-03-03
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2021-03-03
action_desc: Introduced in Senate
text: <p><b>Entity List Verification Act</b></p> <p> This bill prohibits the Department of Commerce from removing an entity from the entity list until Commerce makes certain certifications. The entity list provides the names of foreign entities who are subject to specific license requirements for the export, reexport, or transfer of specified items.</p> <p> Commerce may not remove an entity from the entity list until Commerce certifies that (1) the entity is no longer involved in activities that are contrary to U.S. national security or foreign policy interests, and (2) removing the entity from the list does not pose a threat to U.S. allies. <br> </p>

tv_txt: II 117th CONGRESS 1st Session S. 568 IN THE SENATE OF THE UNITED STATES March 3, 2021 Mr. Scott of Florida (for himself, Mr. Cotton , Mr. Hawley , and Mr. Rubio ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the Secretary of Commerce to certify, before removing an entity from the entity list, that the entity is no longer involved in activities contrary to the national security or foreign policy interests of the United States and that removing the entity from the list does not pose a threat to allies of the United States.

1. Short title This Act may be cited as the Entity List Ver­i­fi­ca­tion Act . 2. Certification required to remove entities from entity list The Secretary of Commerce may not remove any entity from the entity list maintained by the Bureau of Industry and Security and set forth in Supplement No. 4 to part 744 of title 15, Code of Federal Regulations, until the Secretary certifies to Congress that— (1) the entity is no longer reasonably believed to be involved, or to be becoming involved, in activities contrary to national security or foreign policy interests of the United States; and (2) removing the entity from the entity list does not pose a threat to allies of the United States.