🇺🇸Secure and Feasible Exports (SAFE) Chips Act

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Quote: "A bill to codify existing restrictions on the sale of advanced AI chips to countries like China, North Korea, Russia, and Iran. The bipartisan legislation seeks to maintain the United States' leadership in AI by preventing adversaries from accessing critical technologies, thereby safeguarding national security and economic interests. The bill would (1) direct the Secretary of Commerce to deny export license applications for advanced chips to foreign adversary countries for a period not less than 30 months; (2) after 30 months, the Executive Branch has discretion to update technical parameters as it sees fit; (3) define Democratic People’s Republic of Korea, Russia, Iran, and the People’s Republic of China, including Hong Kong and Macau, as Foreign Adversary Countries; (4) define advanced integrated circuits as any chips more powerful than those currently licensed for export to foreign adversary countries; and (5) direct the Department of Commerce to publish any proposed updates in the Federal Register that have been approved by a majority vote of the End-User Review Committee and to brief Congress 30 days before any proposed changes."

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