Bill 118 s 3957, also known as the "Foreign Adversary Tactics and Illicit Activities Information Sharing Act," is a proposed piece of legislation that aims to enhance the sharing of information and intelligence on foreign adversary tactics and illicit activities that impact the ability of US individuals and businesses to compete in foreign markets, specifically in the energy generation and storage sectors.
The bill mandates that the Director of National Intelligence develop a comprehensive strategy to improve the sharing of critical information and intelligence related to foreign adversaries' tactics and illicit activities. This strategy will focus on enhancing collaboration and coordination among relevant government agencies, as well as with private sector entities involved in energy projects abroad.
The primary goal of this legislation is to safeguard the competitiveness of US persons in foreign jurisdictions by providing them with timely and relevant intelligence on potential threats and challenges posed by foreign adversaries. By improving information sharing and coordination, the bill seeks to empower US individuals and businesses to better navigate and mitigate risks in the global energy market.
In addition to enhancing information sharing, the bill also aims to address other related issues and concerns that may arise in the context of foreign energy projects. While the specifics of these additional purposes are not explicitly outlined in the summary, it is clear that the overarching goal of the legislation is to strengthen US national security and economic interests in the energy sector.
Overall, Bill 118 s 3957 represents a proactive and strategic approach to addressing the growing threats posed by foreign adversaries in the energy generation and storage sectors. By promoting greater collaboration and information sharing, the bill seeks to equip US individuals and businesses with the tools and resources needed to effectively compete and succeed in the global marketplace.