WASHINGTON, June 24 -- Sen. John Kennedy issued the following press release:
Sen. John Kennedy (R-La.), a member of the Senate Banking Committee, joined Sen. Andy Kim (D-N.J.) in introducing the Export Control Reform Act of 2018 (ECRA) Penalty Increase Act, bipartisan legislation to strengthen penalties for individuals and companies that violate U.S. export control laws.
The bill would increase civil penalties for unlawfully exporting, re-exporting or transferring sensitive American technology to foreign adversaries and other bad actors. The legislation would help ensure that penalties are strong enough to deter violations involving technology that could threaten U.S. national security.
"America's enemies are not stealing our technology ...