H.R.3447 / S.1705: Chip Security Act

Bipartisan legislation mandating location verification and security mechanisms on export-controlled AI chips. Requires the Secretary of Commerce to issue standards for "chip security mechanisms" within 180 days of enactment. Uses ping-based delay measurement (not GPS) to verify chip locations. Companies must notify BIS if chips are found in unauthorized locations. Explicitly prohibits kill switches and geofencing that would hinder chip functionality. Motivated by an estimated 140,000 chips worth $5-7 billion smuggled to China in 2024.