Requires a Commerce Department license to export, reexport, or transfer advanced AI chips to China, Russia, Iran, North Korea, Cuba, and Venezuela, and requires Congress to receive advance certifications before any such license is approved.

• Requires a license for exporting covered integrated circuits to entities located or headquartered in a country of concern, and bars the Commerce Department from issuing a general license for that purpose
• Requires the Commerce Department to send Congress license applications and certifications at least 30 days before approving any such license, and lets Congress block a proposed export by joint resolution
• Terminates existing licenses for these exports and denies new ones until 14 days after a national security strategy on chip access by countries of concern is submitted to Congress
• Directs the Commerce Department to set up a trusted United States person designation with security, ownership, and audit standards, which would exempt qualifying exports from certain license requirements

• Foreign Affairs Committee (House)

International Affairs