0
Protect America’s Innovation and Economic Security from CCP Act
12/16/2023, 4:22 PM
Summary of Bill S 511
The bill includes provisions aimed at protecting American intellectual property and technology from theft or espionage by the CCP. It also seeks to strengthen the enforcement of existing laws and regulations related to foreign investment in critical industries.
Additionally, the bill calls for increased transparency and accountability in dealings with Chinese entities, particularly those with ties to the CCP. It also includes measures to enhance cybersecurity and protect against potential threats posed by Chinese technology companies. Overall, the Protect America's Innovation and Economic Security from CCP Act is designed to safeguard American interests and ensure that the US remains a global leader in innovation and economic competitiveness.
Congressional Summary of S 511
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.
