,,ii #aai? ,,congress #a/ ,session ,s4 #adgc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #aj1 #bjbe,mr4 ,r\nds 7= himself & ,mr4 ,w>n]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to am5d ! ,export ,control ,re=m ,act ( #bjah to e/abli% a :i/lebl[] inc5tive program & provide protections to :i/lebl[]s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,/op ,/eal+ our ,*ips ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,violations ( ! export control laws ( ! ,unit$ ,/ates1 especially ! div]sion ( lead+-edge artificial intellig5ce *ips into c\ntries t are adv]s>ies ( ! ,unit$ ,/ates1 ?reat5 ! national security ( ! ,unit$ ,/ates4 7#b7 ,individuals :o accurately report violations ( ,unit$ ,/ates export control laws play a significant role 9 help+ au?orities id5tify & mitigate su* ?reats4 7#c7 ,an inc5tive program t rew>ds :i/lebl[]s c significantly enhance en=cem5t ef=ts by enc\rag+ individuals to provide high-value in=mation on pot5tial violations4 #c4 ,e/abli%m5t ( ,:i/lebl[] ,inc5tive ,program & ,:i/lebl[] ,protections 7a7 ,9 g5]al ,! ,export ,control ,re=m ,act ( #bjah 7#ej ,u4,s4,c4 #dhja et seq47 is am5d$ by ins]t+ aft] section #agfa ! foll[+3 #agfa;,a4 ,:i/lebl[] ,inc5tives & ,protections 7a7 ,def9itions ,9 ?is section3 7#a7 ,orig9al in=mation ,! t]m orig9al in=mation means in=mation t is-- 7,a7 d]iv$ f ! indep5d5t k or analysis ( a :i/lebl[]2 7,b7 n kn[n to ! ,secret>y f any o!r s\rce2 7,c7 n exclusively d]iv$ f an allegation made 9 a judicial or adm9i/rative he>+1 a gov]nm5tal report1 he>+1 audit1 or inve/igation1 or f news m$ia1 unless ! :i/lebl[] is ! s\rce ( su* allegation2 & 7,d7 provid$ to ! ,secret>y volunt>ily1 )\t any reque/ f ! ,secret>y or any o!r gov]nm5t (ficial4 7#b7 ,:i/lebl[] 7,a7 ,9 g5]al ,! t]m :i/lebl[] means1 except z provid$ by subp>agraph 7,b71 any individual 7includ+ an individual :o is n a ,unit$ ,/ates citiz57 :o provides1 or #b or m su* individuals act+ jo9tly :o provide1 to ! ,secret>y in=mation relat+ to a possible violation ( ?is "p or ( any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p4 7,b7 ,exclusions ,! t]m :i/lebl[] does n include-- 7i7 a ,f$]al employee act+ )9 ! scope ( ! duties ( ! employee2 or 7ii7 an individual on ! li/ ( specially designat$ nationals & block$ p]sons ma9ta9$ by ! ,(fice ( ,=eign ,assets ,control ( ! ,dep>tm5t ( ! ,treasury4 7b7 ,:i/lebl[] ,inc5tive ,program 7#a7 ,e/abli%m5t ,n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y %all e/abli% a :i/lebl[] inc5tive program to rew>d individuals :o provide orig9al in=mation t leads to ! imposition ( f9es "u ?is "p on p]sons t violate1 attempt to violate1 conspire to violate1 or cause a violation ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p4 7#b7 ,:i/lebl[] reports 7,a7 ,onl9e portal ,n lat] ?an #abj days aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y %all develop1 implem5t1 & ma9ta9 a secure portal1 on a website accessible to ! public1 = ! report+ ( orig9al in=mation relat+ to p]sons t violate1 attempt to violate1 conspire to violate1 or cause a violation ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p4 7,b7 ,anonymity 7i7 ,9 g5]al ,z an alt]native to submission ?r\gh ! portal requir$ by subp>agraph 7,a71 an individual may submit a report ( orig9al in=mation "u ?is subsection anonym\sly1 includ+ ?r\gh an attorney4 7ii7 ,exception ,! ,secret>y may require t ! id5tity ( an individual be disclos$ = ! individual to receive an aw>d "u p>agraph 7#c74 7,c7 ,exp$it$ review 7i7 ,initial review ,n lat] ?an #fj days aft] ! date ( receipt ( a report f a :i/lebl[]1 ! ,secret>y %all-- 7,i7 det]m9e :e!r ! report is cr$ible2 & 7,,ii7 if cr$ible1 initiate a =mal inve/igation ( ! allegations conta9$ 9 ! report4 7ii7 ,inve/igation ,unless ! ,secret>y det]m9es t ! inve/igation is p>ticul>ly complex1 ! ,secret>y %all conclude ! inve/igation n lat] ?an #ahj days aft] ! date on :i* a =mal inve/igation has be5 initiat$ "u clause 7i74 7iii7 ,notification 7,i7 ,9 g5]al ,! ,secret>y %all update ! :i/lebl[] on ! /atus ( a report &1 if applicable1 ! relat$ inve/igation n lat] ?an #cj days aft] ! date on :i* ! :i/lebl[] submitt$ ! report & n less frequ5tly ?an e #cj days !reaft]4 7,,ii7 ,s5sitive in=mation ,! ,secret>y may omit f ! updates requir$ by subclause 7,i7 any in=mation t c\ld compromise an ongo+ inve/igation4 7,d7 ,avoidance ( frivol\s reports ,! ,secret>y may prohibit an individual f mak+ reports "u ?is subsection if ! individual has previ\sly submitt$ multiple reports "u ?is subsection t ! ,secret>y det]m9$ "u subp>agraph 7,c77i7 7 n cr$ible4 7#c7 ,aw>ds 7,a7 ,eligibility ,subject to subp>agraph 7,b71 ! ,secret>y may pay an aw>d or aw>ds to any :i/lebl[] :o provid$ orig9al in=mation t l$ to ! imposition ( a f9e "u ?is "p on a p]son or p]sons t violat$1 attempt$ to violate1 conspir$ to violate1 or caus$ a violation ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p4 7,b7 ,disqualification 7i7 ,9 g5]al ,subject to clause 7ii71 ! ,secret>y may n pay an aw>d or aw>ds to any :i/lebl[] :o provides orig9al in=mation ) respect to a p]son or p]sons t violat$1 attempt$ to violate1 conspir$ to violate1 or caus$ a violation ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p1 if su* in=mation 0 obta9$ ?r\gh-- 7,i7 ! role ( ! :i/lebl[] z-- 7aa7 an (fic]1 director1 tru/ee1 or p>tn] ( an entity t h&les int]nal processes = legal violations = ! p]son or p]sons2 7bb7 an employee ( an entity t conducts compliance or int]nal audits = ! p]son or p]sons2 7cc7 an employee ( a public acc\nt+ firm if ! in=mation 0 obta9$ :ile work+ on an engagem5t requir$ by ,f$]al securities laws1 o!r ?an specific audits2 or 7,,ii7 any means t violates ,f$]al or ,/ate crim9al law4 7ii7 ,exceptions ,clause 7i7 %all n apply if-- 7,i7 ! :i/lebl[] _h a reasonable basis to believe t disclos+ ! orig9al in=mation to ! ,secret>y 0 necess>y to /op conduct likely to cause significant f9ancial h>m2 7,,ii7 ! :i/lebl[] _h a reasonable basis to believe t ! relevant entity 0 ob/ruct+ an inve/igation into ! misconduct2 or 7,,iii7 n less ?an #abj days h elaps$ s9ce ! :i/lebl[] provid$ ! in=mation to ! audit committee1 *ief legal (fic]1 *ief compliance (fic] 7or _! equival5t7 ( ! relevant entity or ! sup]visor ( ! :i/lebl[]4 7,c7 ,am\nt 7i7 ,9 g5]al ,an aw>d issu$ "u subp>agraph 7,a7 %all be-- 7,i7 n less ?an #aj p]c5t1 9 total1 ( ! am\nt collect$ ( ! f9e impos$ "u ?is "p2 & 7,,ii7 n m ?an #cj p]c5t1 9 total1 ( ! am\nt collect$ ( t f9e4 7ii7 ,jo9tly submitt$ report ,9 ! case ( a report t 0 submitt$ jo9tly by #b or m individuals1 any aw>d issu$ "u subp>agraph 7,a7 %all be split equally among ! individuals4 7,d7 ,det]m9ation ,! ,secret>y %all det]m9e ! am\nt ( an aw>d made "u subp>agraph 7,a7 tak+ into acc\nt1 ) respect to ! in=mation provid$-- 7i7 accuracy2 7ii7 relevance2 7iii7 timel9ess2 & 7iv7 usefulness4 7#d7 ,publication 7,a7 ,9 g5]al ,n lat] ?an ! date on :i* ! onl9e portal requir$ by p>agraph 7#b77;,a7 is complete1 ! ,secret>y %all develop & implem5t a plan to publicize ! :i/lebl[] inc5tive program e/abli%$ by p>agraph 7#a74 7,b7 ,fund+ ,! ,secret>y %all pay any exp5ses incurr$ "u subp>agraph 7,a7 f am\nts au?oriz$ to be appropriat$ to ! ,bureau ( ,indu/ry & ,security4 7c7 ,protection ( :i/lebl[]s 7#a7 ,prohibition aga9/ retaliation 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 no employ] may dis*>ge1 demote1 susp5d1 ?reat51 h>ass1 directly or indirectly1 or 9 any o!r mann] discrim9ate aga9/ a :i/lebl[] 9 ! t]ms & conditions ( employm5t because ( a lawful act done by ! :i/lebl[]-- 7i7 9 report+ violations to ! employ] or to a law en=cem5t ag5cy2 7ii7 9 provid+ in=mation to ! ,secret>y 9 accordance ) ?is section2 or 7iii7 9 initiat+1 te/ify+ 91 or assi/+ 9 any inve/igation or judicial or adm9i/rative action bas$ ^u or relat$ to su* in=mation4 7,b7 ,exception ,! protection aga9/ retaliation e/abli%$ by subp>agraph 7,a7 %all n apply to any individual :o reports in=mation "u ?is section kn[+ t su* in=mation is false4 7,c7 ,en=cem5t 7i7 ,cause ( action ,an individual :o alleges dis*>ge or o!r discrim9ation 9 violation ( subp>agraph 7,a7 may br+ an action "u ?is p>agraph 9 ! appropriate di/rict c\rt ( ! ,unit$ ,/ates = ! relief provid$ 9 subp>agraph 7,d74 7ii7 ,subpo5as ,a subpo5a requir+ ! att5dance ( a witness at a trial or he>+ conduct$ "u ?is subp>agraph may be s]v$ at any place 9 ! ,unit$ ,/ates4 7iii7 ,/atute ( limitations 7,i7 ,9 g5]al ,an action "u ?is subp>agraph %all n be ent]ta9$ if comm5c$ m ?an-- 7aa7 #f ye>s aft] ! date ( ! violation ( subp>agraph 7,a7 occurr$2 or 7bb7 #c ye>s aft] ! date :5 facts mat]ial to ! "r ( action are kn[n or reasonably %\ld h be5 kn[n by ! employee alleg+ a violation ( subp>agraph 7,a74 7,,ii7 ,requir$ action )9 #aj ye>s ,not)/&+ subclause 7,i71 an action "u ?is subp>agraph may n 9 any circum/ance be br\ght m ?an #aj ye>s aft] ! date on :i* ! violation occurs4 7,d7 ,relief ,relief = an individual prevail+ 9 an action br\ght "u subp>agraph 7,c7 %all include-- 7i7 re9/atem5t ) ! same s5iority /atus t ! individual w\ld h _h1 b = ! discrim9ation2 7ii7 #b times ! am\nt ( back pay o!rwise ow$ to ! individual1 ) int]e/2 & 7iii7 comp5sation = litigation co/s1 exp]t witness fees1 & reasonable attorneys' fees4 7#b7 ,confid5tiality 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraphs 7,b7 & 7,c71 ! ,secret>y & any (fic] or employee ( ! ,dep>tm5t ( ,comm]ce %all n disclose any in=mation1 includ+ in=mation provid$ by a :i/lebl[] to ! ,secret>y1 t c\ld reasonably be expect$ to reveal ! id5tity ( ! :i/lebl[]1 except 9 accordance ) ! provisions ( section #eeb;a ( title #e1 ,unit$ ,/ates ,code1 unless & until requir$ to be disclos$ to a def5dant or respond5t 9 connection ) a public proce$+ in/itut$ by ! ,secret>y or any entity describ$ 9 subp>agraph 7,d74 7,b7 ,exempt$ /atute ,= purposes ( section #eeb ( title #e1 ,unit$ ,/ates ,code1 ?is p>agraph %all be consid]$ a /atute describ$ 9 subsection 7b77#c77;,b7 ( su* section4 7,c7 ,rule ( con/ruction ,no?+ 9 ?is section is int5d$ to limit1 or %all be con/ru$ to limit1 ! ability ( ! ,attorney ,g5]al to pres5t su* evid5ce to a gr& jury or to %>e su* evid5ce ) pot5tial witnesses or def5dants 9 ! c\rse ( an ongo+ crim9al inve/igation4 7,d7 ,availability to gov]nm5t ag5cies 7i7 ,9 g5]al ,)\t ! loss ( its /atus z confid5tial 9 ! h&s ( ! ,secret>y1 all in=mation ref]r$ to 9 subp>agraph 7,a7 may1 9 ! discretion ( ! ,secret>y1 :5 det]m9$ by ! ,secret>y to be necess>y to accompli% ! purposes ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p1 be made available to-- 7,i7 a ,f$]al law en=cem5t ag5cy2 7,,ii7 a national security ag5cy2 7,,iii7 an appropriate regulatory au?ority2 7,,iv7 a self-regulatory organization2 & 7,v7 a =eign law en=cem5t au?ority4 7ii7 ,confid5tiality 7,i7 ,9 g5]al ,ea* ( ! entities describ$ 9 subclauses 7,i7 ?r\gh 7,,iv7 ( clause 7i7 %all ma9ta9 su* in=mation z confid5tial 9 accordance ) ! requirem5ts e/abli%$ "u subp>agraph 7,a74 7,,ii7 ,=eign au?orities ,ea* ( ! entities describ$ 9 clause 7i77,v7 %all ma9ta9 su* in=mation 9 accordance ) su* assurances ( confid5tiality z ! ,secret>y det]m9es appropriate4 7d7 ,export ,compliance ,acc\ntability ,fund 7#a7 ,e/abli%m5t ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is section1 !re %all be e/abli%$ 9 ! ,treasury ( ! ,unit$ ,/ates a fund to be kn[n z ! ,export ,compliance ,acc\ntability ,fund 79 ?is subsection ref]r$ to z ! ,fund74 7#b7 ,availability ,at ! end ( ea* fiscal ye>1 any am\nts deposit$ into ! ,fund "u p>agraph 7#c7 t rema9 9 ! ,fund aft] ! paym5t1 = t fiscal ye>1 ( all exp5ses "u p>agraph 7#c7 %all be transf]r$ to ! g5]al fund ( ! ,treasury4 7#c7 ,use ( ,fund ,! ,fund %all be available to ! ,secret>y1 )\t fur!r appropriation or fiscal ye> limitation1 =-- 7,a7 pay+ aw>ds to :i/lebl[]s z provid$ 9 subsection 7b77#c72 7,b7 fund+ activities t support ! :i/lebl[] inc5tive program & :i/lebl[] protections1 includ+-- 7i7 review+ & inve/igat+ :i/lebl[] reports2 7ii7 provid+ tra9+ & education on compliance ) ! confid5tiality requirem5t "u subsection 7c77#b72 & 7iii7 record keep+1 z consid]$ necess>y by ! ,secret>y2 & 7,c7 if all out/&+ aw>ds "u subsection 7b77#c7 h be5 paid1 exp5ses relat$ to en=cem5t ( ?is "p or any regulation1 ord]1 lic5se1 or o!r au?orization issu$ "u ?is "p4 7#d7 ,deposits & cr$its ,!re %all be deposit$ into or cr$it$ to ! ,fund an am\nt equal to any f9e collect$ by ! ,secret>y on or aft] ! date ( ! enactm5t ( ?is section 9 any judicial or adm9i/rative action br\ght by ! ,secret>y t dep5ds on or 0 initiat$ because ( orig9al in=mation submitt$ by a :i/lebl[]4 7e7 ,initial fund+ ,! ,secret>y %all pay1 f am\nts o!rwise available to ! ,bureau ( ,indu/ry & ,security1 any exp5ses incurr$ "u ?is section be=e ! ,export ,compliance ,acc\ntability ,fund is e/abli%$ "u subsection 7d7 & has receiv$ deposits "u p>agraph 7#c7 ( t subsection4 4 7b7 ,con=m+ am5dm5t ,section #adjb7;b77#a77;,b7 ( ! ,victims ( ,crime ,act ( #aihd 7#cd ,u4,s4,c4 #bjaja7;b77#a77;,b77 is am5d$-- 7#a7 9 clause 7iii71 by /rik+ 2 & & ins]t+ a semicolon2 7#b7 9 clause 7iv71 by /rik+ ! semicolon & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+2 7v7 ! ,export ,compliance ,acc\ntability ,fund pursuant to section #agfa;,a7e7 ( ! ,export ,control ,re=m ,act ( #bjah4 4