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US S367

US S367
ECON Act Economic and Commercial Opportunities and Networks Act of 2023


summary

Introduced
02/09/2023
In Committee
02/09/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A bill to promote economic and commercial opportunities internationally, and for other purposes.

AI Summary

This bill, the Economic and Commercial Opportunities and Networks Act of 2023 (ECON Act), aims to promote economic and commercial opportunities internationally. The key provisions include: strengthening the economic roles and awards for Foreign Service officers, establishing deal teams at U.S. embassies to support U.S. companies, investing in talent development in Southeast Asia and the Pacific Islands, facilitating regulatory exchanges with allies, supporting infrastructure projects and digital connectivity in the Indo-Pacific, auditing trade barriers in developing partner countries, and combating anti-competitive behavior like predatory pricing by foreign state-owned entities and theft of trade secrets. The bill also creates new government programs, funding, and reporting requirements related to these economic diplomacy goals.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Read twice and referred to the Committee on Foreign Relations. (on 02/09/2023)

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