Truncating Onerous Regulations for Partners and Enhancing Deterrence Operations (TORPEDO) Act of 2023

3/12/2024, 4:22 PM

Truncating Onerous Regulations for Partners and Enhancing Deterrence Operations (TORPEDO) Act of 2023

This bill facilitates the transfer of certain U.S. equipment, technology, and services to and between the United States, Australia, Canada, and the United Kingdom (U.K.).
 
For example, the bill

  • requires the Department of State to initiate regulatory changes to establish an open general export license for the export, reexport, transfer, and retransfer of certain defense articles and services to or between designated individuals, entities, and facilities of the United States, Australia, Canada, and the U.K.;
  • requires the Department of Commerce to initiate regulatory changes to establish a license exception for the export, reexport, and in-country transfer of items on the Commerce Control List to or between designated individuals and entities in Australia, Canada, and the U.K.;
  • directs the State Department to compile a list of available and emerging military platforms, technologies, and equipment that are pre-cleared and prioritized for sale and release to Australia, Canada, and the U.K. through the Foreign Military Sales program; and
  • requires the State Department to appoint a senior advisor to oversee implementation of the AUKUS agreement (a security partnership between Australia, the U.K., and the United States focused on the Indo-Pacific region).

The bill also expands the definition of domestic source under the Defense Production Act, thereby making certain businesses in Australia, the U.K., and New Zealand eligible for financial incentives to increase production of critical components, critical technology items, materials, and industrial resources needed for U.S. national security.

The TORPEDO Act of 2023, also known as Bill 118 s 1471, aims to streamline regulations for business partners and enhance deterrence operations. The bill seeks to reduce burdensome regulations that may hinder the ability of businesses to operate efficiently. By truncating these regulations, the bill aims to create a more business-friendly environment that encourages economic growth and job creation.

Additionally, the TORPEDO Act of 2023 includes provisions to enhance deterrence operations. This may involve increasing resources for law enforcement agencies, improving coordination between different agencies, or implementing new technologies to better detect and prevent criminal activity.

Overall, the goal of the TORPEDO Act of 2023 is to promote a more efficient and effective regulatory environment for businesses while also strengthening deterrence operations to ensure the safety and security of the American people.
Congress
118
Number
S - 1471
Introduced on
2023-05-04
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

5/4/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Truncating Onerous Regulations for Partners and Enhancing Deterrence Operations (TORPEDO) Act of 2023

This bill facilitates the transfer of certain U.S. equipment, technology, and services to and between the United States, Australia, Canada, and the United Kingdom (U.K.).
 
For example, the bill

  • requires the Department of State to initiate regulatory changes to establish an open general export license for the export, reexport, transfer, and retransfer of certain defense articles and services to or between designated individuals, entities, and facilities of the United States, Australia, Canada, and the U.K.;
  • requires the Department of Commerce to initiate regulatory changes to establish a license exception for the export, reexport, and in-country transfer of items on the Commerce Control List to or between designated individuals and entities in Australia, Canada, and the U.K.;
  • directs the State Department to compile a list of available and emerging military platforms, technologies, and equipment that are pre-cleared and prioritized for sale and release to Australia, Canada, and the U.K. through the Foreign Military Sales program; and
  • requires the State Department to appoint a senior advisor to oversee implementation of the AUKUS agreement (a security partnership between Australia, the U.K., and the United States focused on the Indo-Pacific region).

The bill also expands the definition of domestic source under the Defense Production Act, thereby making certain businesses in Australia, the U.K., and New Zealand eligible for financial incentives to increase production of critical components, critical technology items, materials, and industrial resources needed for U.S. national security.

The TORPEDO Act of 2023, also known as Bill 118 s 1471, aims to streamline regulations for business partners and enhance deterrence operations. The bill seeks to reduce burdensome regulations that may hinder the ability of businesses to operate efficiently. By truncating these regulations, the bill aims to create a more business-friendly environment that encourages economic growth and job creation.

Additionally, the TORPEDO Act of 2023 includes provisions to enhance deterrence operations. This may involve increasing resources for law enforcement agencies, improving coordination between different agencies, or implementing new technologies to better detect and prevent criminal activity.

Overall, the goal of the TORPEDO Act of 2023 is to promote a more efficient and effective regulatory environment for businesses while also strengthening deterrence operations to ensure the safety and security of the American people.
Alternative Names
Official Title as IntroducedA bill to bolster the AUKUS partnership, and for other purposes.
Policy Areas
International Affairs

Comments

Related

Bill Update Alert:  To direct the Secretary of State to submit to Congress a report on implementation of the advanced capabilities pillar of the trilateral security partnership between Australia, the United Kingdom, and the United States.

Recent Activity

Latest Summary11/8/2024

Truncating Onerous Regulations for Partners and Enhancing Deterrence Operations (TORPEDO) Act of 2023

This bill facilitates the transfer of certain U.S. equipment, technology, and services to and between the United States, A...

Latest Action5/4/2023
Read twice and referred to the Committee on Foreign Relations.