SECRETS Act of 2021

Hozzl · 2022-12-31T05:28:06Z

Explore the details of Senate Bill 2067 SECRETS Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Foreign Trade and International Finance. Stay informed on legislative developments.

12/31/2022, 5:28 AM

Congressional Summary of S 2067

Stopping and Excluding Chinese Rip-offs and Exports with United States Trade Secrets Act of 2021 or the SECRETS Act of 2021

This bill expands the authority of the U.S. International Trade Commission (ITC) to exclude from the United States the importation of products that contain, were produced using, benefit from, or use trade secrets that were acquired by improper means or misappropriation by a foreign agent or instrumentality. Further, the bill establishes the Interagency Committee on Trade Secrets to review related complaints and submit allegations to the ITC.

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Current Status of Bill S 2067

Bill S 2067 is currently in the status of Bill Introduced since June 15, 2021. Bill S 2067 was introduced during Congress 117 and was introduced to the Senate on June 15, 2021. Bill S 2067's most recent activity was Read twice and referred to the Committee on Finance. as of June 15, 2021

Bipartisan Support of Bill S 2067

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2067

Primary Policy Focus

Foreign Trade and International Finance

Potential Impact Areas

- Civil actions and liability

- Executive agency funding and structure

- Government studies and investigations

- Intelligence activities, surveillance, classified information

- Trade restrictions

- Trade secrets and economic espionage

- U.S. International Trade Commission

Alternate Title(s) of Bill S 2067

A bill to amend the Tariff Act of 1930 to provide procedures for national security exclusion from the United States of articles or components of articles that contain, were produced using, benefits from, or use trade secrets misappropriated or acquired through improper means by a foreign agent or foreign instrumentality, and for other purposes.

SECRETS Act of 2021

Stopping and Excluding Chinese Rip-offs and Exports with United States Trade Secrets Act of 2021