International Traffic in Arms Regulations Licensing Reform Act

This bill, the International Traffic in Arms Regulations Licensing Reform Act, would overhaul how the U.S. government processes exports of defense articles and defense services. It requires the Secretary of State to create and maintain a list of countries and end-users for which expedited licensing decisions are vital to national security, and to publish updates to Congress on that list. It then directs a rulemaking process to set fixed, expedited decision timelines: 45 days for applications to listed destinations, and 60 days for all other applications, with certain suspensions possible in specific scenarios. The bill also requires semiannual, potentially classified, reporting to Congress detailing license applications that miss the deadlines, including specifics about the items, recipients, and reasons for delay. Overall, the goal is to speed license decisions while increasing transparency and accountability.