Bill > S5131

This bill, titled the "STRATEGIC Act of 2024", aims to advance a competitive strategy against the People's Republic of China (PRC) across several areas, including countering the PRC's malign influence, advancing U.S. and partner economic prosperity, countering the PRC's predatory economic practices, strengthening security alliances and partnerships, investing in values through sanctions and U.N. reforms, and advancing oversight of international life sciences research. Key provisions include: amending the Foreign Agents Registration Act to increase transparency and enforcement; prohibiting certain gifts and contracts from the PRC to U.S. institutions; requiring think tanks to disclose foreign funding; enhancing oversight of cultural exchanges with the PRC; establishing a Countering the PRC Influence Fund; authorizing the use of various economic and trade tools to respond to PRC economic coercion of U.S. allies; expanding the offense of theft of trade secrets; reviewing petitions related to IP theft and forced technology transfer; fostering energy development aligned with partner country needs; opposing PRC contracts at multilateral development banks; restricting interactions with PRC military and intelligence officials; developing economic tools to deter PRC aggression against Taiwan; and advancing oversight of international life sciences research that could be weaponized. The bill also includes provisions to strengthen security alliances and partnerships in the Indo-Pacific, including with Taiwan, and in the Indian Ocean region, as well as to counter PRC influence at the United Nations. Overall, the bill seeks to bolster U.S. competitiveness and counter PRC malign activities through a whole-of-government approach.