S. 1471 — 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 t...