{"id":1743,"date":"2026-06-14T17:05:52","date_gmt":"2026-06-14T17:05:52","guid":{"rendered":"https:\/\/humanitystories.pics\/?p=1743"},"modified":"2026-06-14T17:05:52","modified_gmt":"2026-06-14T17:05:52","slug":"senate-passes-bill-to-crack-down-on-smuggling-of-u-s-chips-to-china","status":"publish","type":"post","link":"https:\/\/humanitystories.pics\/?p=1743","title":{"rendered":"Senate Passes Bill To Crack Down On Smuggling Of U.S. Chips To China"},"content":{"rendered":"<p><a class=\"image-link\" href=\"https:\/\/thecsfressnews.com\/wp-content\/uploads\/2026\/06\/tmpsmj89t2z_20260608_150534_B6PCXX-735x400-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"attachment-hitmag-featured size-hitmag-featured wp-post-image\" src=\"https:\/\/thecsfressnews.com\/wp-content\/uploads\/2026\/06\/tmpsmj89t2z_20260608_150534_B6PCXX-735x400-4.jpg\" sizes=\"auto, (max-width: 735px) 100vw, 735px\" srcset=\"https:\/\/thecsfressnews.com\/wp-content\/uploads\/2026\/06\/tmpsmj89t2z_20260608_150534_B6PCXX-735x400-4.jpg 735w, https:\/\/thecsfressnews.com\/wp-content\/uploads\/2026\/06\/tmpsmj89t2z_20260608_150534_B6PCXX-735x400-4-300x163.jpg 300w\" alt=\"\" width=\"735\" height=\"400\" \/><\/a><\/p>\n<div class=\"entry-content\">\n<header class=\"entry-header\">\n<div class=\"entry-meta\">U.S. Senate passes bipartisan legislation, led by U.S. Sen. Mike Rounds (R-SD), to establish a whistleblower reward program to fight illegal exports of semiconductors. The bill has been forwarded to the U.S. House of Representatives for action.<\/div>\n<\/header>\n<div class=\"entry-content\">\n<div class=\"code-block code-block-2\"><\/div>\n<p>\u201cI look forward to working with our colleagues in the House to get this important legislation through Congress and to President Trump\u2019s desk to be signed into law,\u201d said Sen. Rounds, who in April 2025 sponsored the Stop Stealing our Chips Act, S. 1473, alongside lead cosponsor U.S. Sen. Mark Warner (D-VA).<\/p>\n<div class=\"code-block code-block-2\">\n<div data-type=\"_mgwidget\" data-widget-id=\"1986704\"><\/div>\n<\/div>\n<p>If signed into law, the bill would amend the Export Control Reform Act to establish a whistleblower reward program at the Bureau of Industry and Security (BIS) at the U.S. Commerce Department to boost reporting of illegal exports and to halt the flow of American-made semiconductors smuggled into China.<\/p>\n<p>\u201cI am pleased that the Stop Stealing our Chips Act has passed the Senate,\u201d Sen. Rounds said.<\/p>\n<p>\u201cThe United States has taken extensive measures to prevent American-made semiconductors from falling into the wrong hands, particularly China; however, China continues to smuggle these chips into their country,\u201d Rounds added.<\/p>\n<p>As the use of artificial intelligence (AI) continues to accelerate, he pointed out that this development creates \u201ca grave national security concern.\u201d<\/p>\n<p>\u201cOur legislation would strengthen BIS\u2019s export control enforcement by rewarding whistleblowers with credible information on illegal actions to come forward,\u201d said Sen. Rounds.<\/p>\n<p>According to a bill summary provided by Rounds\u2019 staff, the legislation would require BIS to establish a public, secure platform for whistleblower submissions of reports, create a fund to pay whistleblower rewards and operate the program, funded by fines from export control violations, and provide confidentiality guarantees and anti-retaliation protections to protect whistleblowers.<\/p>\n<p>The law would require that whistleblowers who provide original information that leads to the imposition of fines on offenders would be eligible for between 10 percent and 30 percent of the fines collected, with exceptions for known terrorists and criminals and federal workers operating within the extent of their employment.<\/p>\n<p>Whistleblowers should receive status updates every 30 days, and credible reports should result in formal inquiries within 60 days.<\/p>\n<p>Any remaining money from the fines would be\u00a0<a href=\"https:\/\/riponadvance.com\/stories\/senate-passes-rounds-bill-to-crack-down-on-smuggling-of-u-s-chips-to-china\/\" target=\"_blank\" rel=\"noopener\">remitted<\/a>\u00a0to the U.S. Treasury, the report states.<\/p>\n<p>This comes after President Donald Trump\u2019s high-stakes summit in China earlier this month.<\/p>\n<div class=\"code-block code-block-3\">\n<div data-type=\"_mgwidget\" data-widget-id=\"1970893\"><\/div>\n<\/div>\n<div class=\"code-block code-block-3\"><\/div>\n<p>Trump announced that Chinese President Xi Jinping agreed to purchase 200 Boeing jets during their high-level meeting in Beijing.<\/p>\n<p>In an exclusive interview with Fox News host Sean Hannity, Trump described his discussions with Xi as \u201cvery good\u201d and stated that the commitment from China exceeded Boeing\u2019s expectations.<\/p>\n<p>Terms of the announced agreement, such as the type of aircraft ordered and delivery timelines, were not disclosed, Fox Business noted.<\/p>\n<p>Trump arrived in China on Wednesday with a delegation of prominent American business leaders to meet with Chinese officials and executives.<\/p>\n<p>The trip marks Trump\u2019s first visit to the country since 2017 and occurs amid rising tensions over trade, artificial intelligence, Taiwan, and the repercussions of the war with Iran.<\/p>\n<p>Boeing CEO Kelly Ortberg was among the executives in the delegation. He recently stated that the trip represents \u201ca meaningful opportunity\u201d for the aircraft maker.<\/p>\n<p>Although Ortberg declined to specify the number of aircraft being discussed during a recent analyst call, he expressed strong confidence that if Trump and Xi reach an agreement, it will likely include some aircraft orders.<\/p>\n<p>Some reports noted that China was initially interested in buying 500 of the 737 Max aircraft from Boeing.<\/p>\n<p>\u201cI am proud to announce the site of the NATIONAL GARDEN OF AMERICAN HEROES. This magnificent exhibition of statues will be located in West Potomac Park, which we are transforming into one of the World\u2019s most beautiful public spaces,\u201d Trump began.<\/p>\n<div class=\"code-block code-block-5\">\n<p>This article may contain commentary which reflects the author\u2019s opinion.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Senate passes bipartisan legislation, led by U.S. Sen. Mike Rounds (R-SD), to establish a whistleblower reward program to fight illegal exports of semiconductors. The bill has been forwarded to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1743","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/posts\/1743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1743"}],"version-history":[{"count":1,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/posts\/1743\/revisions"}],"predecessor-version":[{"id":1744,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=\/wp\/v2\/posts\/1743\/revisions\/1744"}],"wp:attachment":[{"href":"https:\/\/humanitystories.pics\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/humanitystories.pics\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}