We have received text from S. 3374: Secure and Feasible Exports of Chips Act of 2025. This bill was received on 2025-12-04, and currently has 9 cosponsors.
Here is a short summary of the bill:
This bill, known as the Secure and Feasible Exports of Chips Act of 2025, aims to modify existing export laws related to advanced integrated circuits (chips). The bill proposes several key actions to enhance control over the exports of these technological products to specific countries. Below are the main elements of the legislation:
Licensing Requirements
Starting from the enactment date of this bill, the Secretary of Commerce would be required to:
- Require a license for exporting, reexporting, or transferring advanced integrated circuits to:
- Any foreign adversary country
- Any entity located in any country if that entity's parent company is based in a foreign adversary country
- Deny any applications for such licenses under these conditions.
Exclusions
The licensing requirements do not apply to:
- Advanced integrated circuits or products containing such circuits that are not designed or marketed for data centers.
Definitions of Key Terms
The legislation provides definitions for several key terms, including:
- Advanced integrated circuit: Generally refers to integrated circuits classified under certain export control criteria, or those that have specific performance metrics related to processing power and bandwidth.
- Foreign adversary country: A term that includes countries specified in certain sections of U.S. law and includes regions like Macau and Hong Kong.
Authority to Update Definitions
The bill allows the Secretary of Commerce to update the technical parameters defining "advanced integrated circuit" after a specified period, contingent on majority approval from a review committee. Such modifications will require:
- A briefing to relevant congressional committees.
- Justifications for the modifications based on national interest.
- Assessments of potential impacts on U.S. technological advantages and foreign adversaries' capabilities.
Impact Considerations
The Secretary must also evaluate how changes in regulations could affect the military or cyber capabilities of competitor nations, particularly focusing on countries considered potential threats to U.S. security.
Relevant Companies
- NVDA (NVIDIA Corporation): Exports advanced integrated circuits for graphics processing and AI applications that could be impacted by restrictions on foreign sales, particularly to adversary nations.
- AMD (Advanced Micro Devices): Similar to NVIDIA, AMD produces chips that may face export limitations under this bill, affecting their international business.
- INTC (Intel Corporation): As a major producer of semiconductors, Intel may be significantly affected by the export controls over advanced chips.
Senator Pete Ricketts Bill Proposals
Here are some bills which have recently been proposed by Senator Pete Ricketts:
- S.3431: A bill to direct the Secretary of Health and Human Services to establish a working group to formulate recommendations for standardizing the measurements of loneliness and isolation, and for other purposes.
- S.3374: SAFE Chips Act of 2025
- S.3342: HALOS Act of 2025
- S.3246: Service Members Tax Relief Act
- S.3245: MIND Our Veterans Act of 2025
- S.3140: Flood Protection and Infrastructure Resilience Act of 2025
You can track bills proposed by Senator Pete Ricketts on Quiver Quantitative's politician page for Ricketts.
Senator Pete Ricketts Net Worth
Quiver Quantitative estimates that Senator Pete Ricketts is worth $210.8M, as of December 31st, 2025. This is the 7th highest net worth in Congress, per our live estimates.
Ricketts has approximately $123.8M invested in publicly traded assets which Quiver is able to track live.
You can track Senator Pete Ricketts's net worth on Quiver Quantitative's politician page for Ricketts.
Senator Pete Ricketts Stock Trading
We have data on up to $5.2M of trades from Senator Pete Ricketts, which we parsed from STOCK Act filings. Some of the largest trades include:
- A September 21st, 2023 sale of up to $250K of $EMR. The stock has risen 41.61% since then.
- A September 21st, 2023 sale of up to $250K of $PM. The stock has risen 60.19% since then.
- A September 21st, 2023 sale of up to $250K of $JNJ. The stock has risen 30.88% since then.
- A September 21st, 2023 sale of up to $250K of $PG. The stock has fallen 6.11% since then.
- A September 21st, 2023 sale of up to $250K of $GD. The stock has risen 52.1% since then.
You can track Senator Pete Ricketts's stock trading on Quiver Quantitative's politician page for Ricketts.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
