Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025
Tracking and Restricting Adversarial Circumvention of Embargoes Act of 2025
Plain Language Summary
# Summary of the TRACE Act of 2025 **What the Bill Does:** The Tracking and Restricting Adversarial Circumvention of Embargoes Act (TRACE Act) aims to prevent countries and entities under U.S. trade embargoes from finding ways around those restrictions. If passed, the bill would create mechanisms to identify and track attempts to bypass economic sanctions that the U.S. has imposed on certain nations or groups. This would help enforce existing embargo laws more effectively. **Who It Affects:** The bill would primarily affect U.S.
businesses engaged in international trade, government agencies responsible for enforcing sanctions, and the countries/entities currently subject to U.S. embargoes (such as Cuba, Iran, North Korea, and Syria, among others). Companies importing or exporting goods would need to ensure compliance with stronger oversight measures. **Current Status:** As of now, the bill (S 3390) is in committee and has not advanced to a floor vote. It was introduced by Senator Richard Blumenthal (D-CT) in the 119th Congress. Like most bills in committee, it requires approval from the relevant congressional committees before it can proceed to a full Senate vote.
Latest Action
Read twice and referred to the Select Committee on Intelligence.