H.R. 8315, Enhancing National Frameworks for Overseas Restriction of Critical Exports Act
As ordered reported by the House Committee on Foreign Affairs on May 22, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
*
*
*
Revenues
*
*
*
Increase or Decrease (-) in the Deficit
*
*
*
Spending Subject to Appropriation (Outlays)
*
41
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
< $2.5 billion
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
Yes, Cannot Determine Costs
* = between -$500,000 and $500,000.
Summary
H.R. 8315 would authorize the Administration to establish export controls on artificial intelligence (AI) systems that could threaten the national security of the United States. The bill would permit the Bureau of Industry and Security (BIS), an agency of the Department of Commerce, to require licenses for the export of such AI technology and other research activities related to emerging technologies.