Preventing Export Monopolies: Fair Competition for Emerging Technology Sales.
This bill changes export rules to stop the government from accidentally giving a single company the exclusive right to sell advanced technology to certain foreign entities. It requires a market review before issuing export licenses to ensure fair competition among US businesses. The goal is to prevent market distortion and ensure transparency in how the US controls sensitive technology exports.
Key points
New rule requires the government to check for market competition before granting licenses to export emerging and foundational technologies.
Prevents single companies from gaining exclusive rights (monopolies) to sell specific products to foreign entities listed for security reasons.
If a sole license is issued, subsequent applications for the same technology must generally be approved, ensuring fair access for other US exporters.
Introduced
Citizen Poll