HR1398-118

1. Short title This Act may be cited as the Protect America’s Innovation and Economic Security from CCP Act of 2024.

2. CCP Initiative There is established in the National Security Division of the Department of Justice the CCP Initiative to— counter nation-state threats to the United States; curb spying by the Chinese Communist Party on United States intellectual property and academic institutions in the United States; develop an enforcement strategy concerning nontraditional collectors, including researchers in labs, universities, and the defense industrial base, that are being used to transfer technology contrary to United States interests; implement the Foreign Investment Risk Review Modernization Act of 2018 (title XVII of division A of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 (Public Law 115–232; 132 Stat. 2173)) for the Department of Justice, including by working with the Department of the Treasury to develop regulations under that Act; identify cases under the Foreign Corrupt Practices Act of 1977 (Public Law 95–213; 91 Stat. 1494) involving Chinese companies that compete with United States businesses; and prioritize— identifying and prosecuting those engaged in trade secret theft, hacking, and economic espionage; and protecting the critical infrastructure in the United States against external threats through foreign direct investment and supply chain compromises. In executing the CCP Initiative’s objectives as set forth in subsection (a), the Attorney General, acting through the Assistant Attorney General for National Security, shall consult with relevant components of the Department of Justice as necessary, and coordinate activities with the Federal Bureau of Investigation and any other Federal agency as necessary. Under the CCP Initiative— the Initiative shall be separate from and not under the authority or discretion of any other Department of Justice initiative dedicated to countering nation-state threats; and all resources used for the CCP Initiative shall solely be set aside for the CCP Initiative and shall not be combined to support any other Department of Justice program, including other programs and initiatives dedicated to countering nation-state threats. The Attorney General shall submit annually a written report to the Committee on Homeland Security and Governmental Affairs and the Committee on the Judiciary of the Senate, and the Committee on Homeland Security and the Committee on the Judiciary of the House of Representatives, on the progress and challenges of the CCP Initiative over the preceding year, including— its progress in accomplishing the objectives set forth in subsection (a); the amount and sufficiency of resources provided to, and expended by, the CCP Initiative; the level and effectiveness of coordination with the Federal Bureau of Investigation and other Federal agencies; the status of efforts by the Chinese Communist Party to engage in trade secret theft, hacking, and economic espionage; and the impact of the CCP Initiative on those efforts of the Chinese Communist Party. This Act shall take effect on the date of enactment of this Act and cease to be in effect on the date that is 6 years after that date. If any provision of this Act, or the application of such provision to any person or circumstance, is held to be unconstitutional, the remainder of this Act, and the application of the provisions of such to any person or circumstance, shall not be affected thereby.