CONGRESS FOR VOTERS

Jim Banks (R-IN)

AI OVERWATCH Act

S. 4456 · Senate bill Foreign Trade and International Finance

A Republican bill with 6 Democratic cosponsors · See all 10 cosponsors

Last activity — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is known as the AI OVERWATCH Act. It requires the government to enforce strict license rules for sending certain advanced computer chips, known as integrated circuits, to specific countries of concern like China, Russia, Iran, North Korea, and Cuba. The bill stops the government from issuing general licenses for these high-risk chip exports. It automatically cancels any previously approved licenses for sending these covered chips to those countries of concern. The bill also forces a temporary pause on approving new licenses until a formal American Artificial Intelligence Victory Strategy is submitted to Congress. Furthermore, it completely bans the export of the most powerful restricted chips to these foreign adversaries.