ARMS EXPORT CONTROL ACT ALIGNMENT WITH THE EXPORT CONTROL REFORM ACT.

SEC. 9708. ARMS EXPORT CONTROL ACT ALIGNMENT WITH THE EXPORT CONTROL REFORM ACT. Section 38(e) of the Arms Export Control Act (22 U.S.C. 2778(e)) is amended— (1) by striking “subsections (c), (d), (e), and (g) of section 11 of the Export Administration Act of 1979, and by subsections 136 STAT. 3919 (a) and (c) of section 12 of such Act” and inserting “subsections (c) and (d) of section 1760 of the Export Control Reform Act of 2018 (50 U.S.C. 4819), and by subsections (a)(1), (a)(2), (a)(3), (a)(4), (a)(7), (c), and (h) of section 1761 of such Act (50 U.S.C. 4820)”; (2) by striking “11(c)(2)(B) of such Act” and inserting “1760(c)(2) of such Act (50 U.S.C. 4819(c)(2))”; (3) by striking “11(c) of the Export Administration Act of 1979” and inserting “section 1760(c) of the Export Control Reform Act of 2018 (50 U.S.C. 4819(c))”; and (4) by striking “$500,000” and inserting “the greater of $1,200,000 or the amount that is twice the value of the transaction that is the basis of the violation with respect to which the penalty is imposed.”.