Bill > S4632

This bill, the ECON Act (Economic and Commercial Opportunities and Networks Act of 2022), aims to strengthen the Department of State's economic corps, empower embassy deal teams, enhance cooperation with allies and partners, boost international trade and investment, and combat anti-competitive behavior. Key provisions include: - Expanding the duties of Foreign Service economic officers to negotiate agreements, advance U.S. economic and commercial interests, and provide support to U.S. businesses abroad. - Establishing a new award to recognize outstanding contributions to U.S. economic and commercial diplomacy. - Requiring the Secretary of State to revise performance metrics for economic and commercial diplomacy. - Establishing chief of mission responsibility for coordinating and supervising U.S. economic policy in the host country. - Creating "deal teams" at U.S. embassies to identify trade and investment opportunities for U.S. companies. - Authorizing programs to build capacity and provide technical assistance in Southeast Asia and the Pacific Islands. - Promoting the adoption of the UN Convention on the Assignment of Receivables in International Trade. - Prohibiting predatory pricing by entities owned, controlled, or directed by a foreign state. - Expanding the offense of theft of trade secrets to include unauthorized development of products and digital articles.

Government Affairs

https://www.congress.gov/bill/117th-congress/senate-bill/4632/all-info