S. 4883 — A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act.

S. 4883 — A bill to amend the Export Control Reform Act of 2018 to increase the civil penalties that may be imposed under that Act. | JustPolicyThe main purpose of this legislation is to strengthen the penalties for violations of the Export Control Reform Act of 2018. The objective is to deter individuals and businesses from breaching export control laws by increasing the financial consequences of such violations. Key provisions of the legislation include raising the maximum civil penalty for violations from $300,000 to ,200,000. Additionally, it changes the penalty structure from being twice the value of the transaction involved in the violation to four times the value of that transaction.