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Protect America’s Innovation and Economic Security from CCP Act of 2024
10/4/2024, 8:07 PM
Summary of Bill HR 1398
Key provisions of the bill include increased funding for research and development in critical industries, such as technology and defense, to ensure that the United States remains at the forefront of innovation. The bill also calls for enhanced cybersecurity measures to protect against cyberattacks from foreign adversaries, including the CCP.
Additionally, the bill includes measures to strengthen supply chain security and reduce reliance on Chinese manufacturing. This includes incentivizing domestic production of critical goods and materials, as well as increasing transparency and oversight of foreign investments in key industries. Overall, the Protect America's Innovation and Economic Security from CCP Act of 2024 aims to safeguard American innovation and economic interests from threats posed by the CCP. By bolstering research and development, cybersecurity, and supply chain security, the bill seeks to ensure that the United States remains competitive in the global economy while protecting national security interests.
Congressional Summary of HR 1398
Protect America’s Innovation and Economic Security from CCP Act
This bill reestablishes an initiative related to China within the National Security Division of the Department of Justice (DOJ) and outlines the goals and requirements for this initiative.
In 2022, DOJ ended a program named the China Initiative. This bill reestablishes and renames it the CCP Initiative to (1) counter nation-state threats to the United States; (2) curb spying by the Chinese Communist Party (CCP) on U.S. intellectual property and academic institutions; (3) identify and prosecute individuals engaged in trade secret theft, hacking, and economic espionage; and (4) protect U.S. critical infrastructure from foreign threats.
DOJ must annually brief specified congressional committees on the progress and challenges of the initiative.
The initiative terminates six years after enactment of this bill.





