STOP Shells Act

HR 4530, the STOP Shells Act, requires U.S. export licensing for subsidiaries owned 50% or more by companies listed on Commerce Department "Entity Lists" or "Military End User Lists" due to national security concerns. It mandates that the Commerce Secretary assess whether applying export controls to these subsidiaries would advance U.S. national security interests before adding entities to the lists. The bill also requires the Commerce Secretary to notify Congress within two days of both adding entities to the lists and granting any exemptions for subsidiaries. These provisions aim to prevent entities on restricted lists from circumventing export controls through subsidiary companies.