BRITS Act

This bill modifies the Arms Export Control Act to streamline defense trade between the U.S., United Kingdom, and Australia under the AUKUS security partnership. It removes licensing requirements for defense exports and transfers between these three nations, specifically for items related to the multilateral cooperation announced in September 2021. The President must submit semiannual reports to Congress on these transfers and provide 90-day post-transfer notifications for defense items moving among the three countries. This directly affects U.S. defense companies exporting to the U.K. and Australia and simplifies trade under the AUKUS framework.