Senator Kim Reaffirms Call on Congress to Strengthen Export Controls after NVIDIA CEO Huang Resignation

WASHINGTON, D.C. – Today, Senator Andy Kim (D-N.J.), Ranking Member of the Subcommittee on National Security and International Trade and Finance on the Senate Committee on Banking, Housing and Urban Affairs, released the following statement after NVIDIA CEO Jensen Huang’s resigned and reports that U.S. Secretary of Commerce Howard Lutnick stalled curbing NVIDIA chip sales to China: “Loopholes in our export controls and unchecked vulnerabilities are a direct threat to our national security. It is clear private corporations and the Trump administration aren’t addressing these critical weaknesses. While Congress investigates, we must pass my bipartisan, ready to go legislation such as the MATCH Act, BLADE Act, and ECRA Penalty Increase Act immediately to safeguard our export control regime, while maintaining America’s competitive edge in innovation.” Senator Kim has introduced a series of bipartisan legislation to safeguard American global competitiveness and national security, including the MATCH Act to modernize U.S. export controls, the BLADE Act to deter malign foreign actors from stealing the proprietary capabilities of America’s frontier AI companies, and the Export Control Reform Act of 2018 (ECRA) Penalty Increase Act to strengthen penalties for individuals and companies that violate U.S. export control laws. ###