Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 42 - 2.
Summary
The AI OVERWATCH Act adds a new licensing rule for certain advanced integrated circuits, requiring a license before they can be exported, re‑exported, or transferred within the United States to entities in six designated “countries of concern.” The Under Secretary of Commerce must certify to Congress that each license includes safeguards against military or surveillance use and does not harm U.S. supply of the chips. The law also allows the technical definition of covered chips to be updated after an 18‑month review.
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