To impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy, Trade, Immigration.
Who Benefits and How
foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HA784D64C99364055998DE7DFCBB4C43A: 1. Short title This Act may be cited as the Economic Espionage Prevention Act.
- Section HEF60AF09D40F4E8A83E6B3B4A44E14EE: 2. Findings Congress finds the following: On March 14, 2024, the Department of State notified Congress of the following: People’s Republic of China exports of...
- Section H1866597EEFDC41BC9373A96B174E515F: 3. Report Not later than 90 days after the date of the enactment of this Act, the Secretary of State, in coordination with the heads of relevant Federal...
- Section H5257D8010FD5482CA0D9EAC814E901E8: 4. Imposition of sanctions with respect to economic or industrial espionage by foreign adversary entities On and after the date that is 30 days after the date...
- Section H23079AC304BF43EFB640A48F9D348987: 5. Clarifying amendments Section 203 of the International Emergency Economic Powers Act (50 U.S.C. 1702) is amended— in subsection (b)— in the matter preceding...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Key Policy Areas
Foreign Policy, Trade, Immigration
Primary Purpose
This bill, To impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- foreign governments, international partners, and aid recipients
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- foreign governments, international partners, and aid recipients
Contextual inference, no direct clause citation
Legislative Progress
IntroducedMr. McCormick introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
Key Definitions
Terms defined in this bill
an individual or entity. The term United States person means— a United States citizen or an alien lawfully admitted for permanent residence to the United States
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology