1. Short title This Act may be cited as the Revitalizing Multilateral Export Control Diplomacy for Critical Technologies Act . 2. Findings and sense of Congress (a) Findings Congress finds the following: (1) United States arms embargoed countries are implementing malign and aggressive industrial policies using non-market means and engaging in predatory investment to gain control of critical technologies in order to achieve market dominance and control supply chains. (2) These countries integrate their industrial policies into initiatives that break down the barriers and distinctions between the commercial sector and the military to ensure that critical technologies support the development of their military. (3) These countries seek to obtain critical technologies from the United States and covered United States allies and partners. (b) Sense of Congress It is the sense of Congress that— (1) the fast-paced nature of technological innovation and the systemic diversion of technological innovation and know-how by United States arms embargoed countries for the benefit of developing and enhancing their militaries, challenges the effectiveness of existing multilateral fora established specifically to prevent such export control risks, such as the Wassenaar Arrangement