A bill to amend and reauthorize the Export Administration Act of 1979.

[AI summary unavailable — showing source text] Amends the declaration of policy and the congressional findings of the Export Administration Act of 1979. Authorizes the Secretary of Commerce to require export licenses for multiple exports. Requires the Secretary to establish and maintain a control list indicating license requirements for exports to countries subject to export controls. Prohibits the President from imposing export controls on goods or services which are available in sufficient quantities from foreign sources so as to render such controls ineffective. Authorizes the President to prohibit or control the transfer of goods or technologies within the United States to embassies and affiliates of countries subject to national security export controls. Requires the Secretary to identify on the control list which goods and data are subject to which types of export controls. Emphasizes keystone materials in developing a list of militarily critical technologies. Terminates the use of qualified general export licenses for national security controls. Requires reductions in the export controls over products of militarily critical technology and keystone equipment after adequate controls are established for such technology and …