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

This bill proposes to increase the financial penalties for violating the Export Control Reform Act of 2018, which governs the export of controlled goods and technology. Specifically, it raises the maximum civil fine from $300,000 to $1,200,000 and changes the calculation for transaction-based fines from twice the value to four times the value. These changes would apply to any violations committed after the bill becomes law, affecting companies and individuals who fail to comply with export regulations. The legislation aims to strengthen enforcement by making the consequences of non-compliance significantly more severe.