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Bipartisan frustration with Trump administration permissive chip export policy is building. AI OVERWATCH Act passed committee but full passage and presidential signature are uncertain.
True if Congress passes and the President signs or Congress overrides a veto of legislation giving Congress veto authority over AI chip export licenses or prohibiting export of specific chip classes. The AI OVERWATCH Act or equivalent qualifies.
AI OVERWATCH Act passed House Foreign Affairs Committee January 2026
Bipartisan consensus that China chip exports threaten national security
Applied Materials $252M fine shows enforcement appetite
Trump would likely veto restrictions on his own export policy
Nvidia and AMD lobbying against export restrictions
Override requires 2/3 supermajority