,i #aaith ,,congress #ast ,session ,h4 ,r4 #fhgi ,,in ,,the ,,house ,,of ,,representatives ,december #ah1 #bjbe,mr4 ,meeks 7for himself1 ,ms4 ,kamlager-,dove1 ,mr4 ,castro of ,texas1 ,ms4 ,titus1 ,mr4 ,stanton1 ,mr4 ,costa1 ,mrs4 ,cherfilus-,mc,cormick1 ,ms4 ,dean of ,pennsylvania1 ,mr4 ,amo1 ,mr4 ,moskowitz1 ,mr4 ,olszewski1 ,mr4 ,krishnamoorthi1 ,mr4 ,gottheimer1 and ,mr4 ,sherman7 introduced the following bill2 which was referred to the ,committee on ,foreign ,affairs ,a ,,bill ,to prohibit sales of the most advanced artificial intelligence chips to countries of concern and facilitate the safe and efficient transfer of chips to approved ,united ,states persons abroad4 #a4 ,short title ,this ,act may be cited as the ,restoring ,export and ,security ,trade ,restrictions for ,integrated ,circuit ,technologies ,act or the ,,restrict ,act4 #b4 ,prohibition on exports of advanced integrated circuits to countries of concern 7a7 ,in general ,part ,i of the ,export ,control ,reform ,act of #bjah 7#ej ,u4,s4,c4 #dhaa et seq47 is amended by inserting after section #ageh the following3 #ageh;,a4 ,control of exports of advanced integrated circuits 7a7 ,definitions ,in this section3 7#a7 ,advanced integrated circuit or product 7,a7 ,in general ,subject to subparagraph 7,b71 the term advanced integrated circuit means an integrated circuit1 computer1 or other product containing such a circuit-- 7i7 classified under ,export ,control ,classification ,number #c;,a#jij or #d;,a#jij or a 4z ,export ,control ,classification ,number on ,january #a1 #bjbe2 or 7ii7 that is functionally equivalent or substantially similar to a circuit1 computer1 or product described in clause 7i72 and 7iii7 that is designed or marketed for data centers4 7,b7 ,authority to update definition ,beginning #bd months after the date of the enactment of this section1 to keep pace with technological advancements in computing1 the ,under ,secretary of ,commerce for ,industry and ,security may revise the definition of advanced integrated circuit through notice in the ,federal ,register1 so long as-- 7i7 the revision poses no adverse impact on the national security of the ,united ,states2 and 7ii7 the ,under ,secretary has consulted with the ,committee on ,foreign ,affairs of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate on the proposed change to the definition at least #cj days prior to making the change4 7#b7 ,commerce control list ,the term ,commerce ,control ,list means the list set forth in ,supplement ,no4 #a to part #ggd of the ,export ,administration ,regulations4 7#c7 ,country of concern ,the term country of concern means-- 7,a7 a country listed in ,country ,group ,d3#e in ,supplement ,no4 #a to part #gdj of the ,export ,administration ,regulations on ,january #a1 #bjbe2 7,b7 the ,macau ,special ,administrative ,region of the ,people's ,republic of ,china2 or 7,c7 the ,hong ,kong ,special ,administrative ,region of the ,people's ,republic of ,china4 7#d7 ,covered country ,the term covered country means a country listed in ,country ,group ,d in ,supplement ,no4 #a to part #gdj of the ,export ,administration ,regulations on ,january #a1 #bjbe4 7#e7 ,approved ,united ,states person ,the term approved ,united ,states person means any ,united ,states person designated as an approved ,united ,states person pursuant to the regulations outlined in subsection 7d77#b74 7b7 ,license requirement ,the ,under ,secretary of ,commerce for ,industry and ,security shall require a license for the export1 reexport1 or in-country transfer of an advanced integrated circuit or product to a covered country4 7c7 ,license policy for countries of concern ,the ,under ,secretary of ,commerce for ,industry and ,security shall deny a license for the export1 reexport1 or in-country transfer of an advanced integrated circuit or product to an entity that is primarily located or headquartered in1 or the ultimate parent company of which is headquartered in1 a country of concern4 7d7 ,exemption from certain license requirement for approved ,united ,states persons 7#a7 ,in general ,the license requirement under subsection 7b7 shall not apply to the export1 reexport1 or in-country transfer of an advanced integrated circuit or product if the advanced integrated circuit or product-- 7,a7 is destined for a country that is not a country of concern2 and 7,b7 remains under the ownership and control of an approved ,united ,states person4 7#b7 ,implementation ,not later than #ij days after the date of the enactment of this section1 the ,under ,secretary of ,commerce for ,industry and ,security shall prescribe regulations-- 7,a7 establishing clear standards and requirements a ,united ,states person is mandated to meet to obtain a designation as an approved ,united ,states person1 which shall include-- 7i7 a requirement that not more than #aj percent of the ultimate beneficial ownership of the ,united ,states person may be held1 directly or indirectly1 by any entity that primarily resides or is domiciled in a country of concern2 7ii7 physical security1 cybersecurity1 remote access security1 and other measures designed to prevent the misuse1 illicit access1 illicit transfer1 or diversion of advanced integrated circuits and products2 7iii7 robust know your customer standards2 and 7iv7 annual audit or attestation requirements to ensure compliance with clauses 7i71 7ii71 and 7iii72 and 7,b7 describing the process by which the ,under ,secretary shall approve such a designation4 7e7 ,sunset ,this section shall terminate on the date that is five years after the date of the enactment of this section4 4 7b7 ,clerical amendments ,the ,john ,s4 ,mc,cain ,national ,defense ,authorization ,act for ,fiscal ,year #bjai is amended-- 7#a7 in the table of contents in section #b7;b71 by inserting after the item relating to section #ageh the following3 ,sec4 #ageh;,a4 ,control of exports of advanced integrated circuits4 2 and 7#b7 in the table of contents for title ,,xvii of division ,a1 by inserting after the item relating to section #ageh the following3 ,sec4 #ageh;,a4 ,control of exports of advanced integrated circuits4 4