The main purpose of this legislation is to amend the Export Control Reform Act of 2018. It aims to ensure that when companies apply for licenses to export certain technologies, a competitive market review is conducted. This review will help prevent any single company from having exclusive rights to export specific technologies, which could distort the market and create unfair advantages. Key provisions of this legislation include a requirement for the Under Secretary of Commerce for Industry and Security to perform a competitive market review when evaluating license applications.