summary
Introduced
02/21/2025
02/21/2025
In Committee
02/21/2025
02/21/2025
Crossed Over
05/06/2025
05/06/2025
Passed
Dead
Introduced Session
119th Congress
Bill Summary
AN ACT To impose sanctions with respect to economic or industrial espionage by foreign adversarial companies, and for other purposes.
AI Summary
This bill aims to prevent economic and industrial espionage by foreign adversaries, particularly focusing on China's activities supporting Russia's military capabilities. The bill requires the Secretary of State to submit a comprehensive report within 90 days analyzing Chinese entities' involvement in providing critical components to Russia's defense and intelligence sectors. The President is granted the authority to impose sanctions on foreign persons (individuals or entities) who engage in economic espionage, provide material support to foreign military or intelligence entities, or violate U.S. export control laws. These sanctions can include blocking property transactions, rendering individuals inadmissible to the United States, and revoking visas. The sanctions have several exceptions, such as for intelligence activities, international obligations, and law enforcement needs. The bill provides the President with the flexibility to waive sanctions for up to 180 days if deemed in the national security interest. Additionally, the bill defines key terms like "economic or industrial espionage" and "foreign adversary" and requires annual reporting on notable developments in economic espionage, unless sanctions have been imposed in the previous year. The legislation specifically excludes sanctions on the importation of goods and is part of a broader effort to counter potential threats from countries like China that may be supporting Russia's military capabilities.
Committee Categories
Government Affairs, Military Affairs and Security
Sponsors (4)
Last Action
Received in the Senate and Read twice and referred to the Committee on Foreign Relations. (on 05/06/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1486/all-info |
BillText | https://www.congress.gov/119/bills/hr1486/BILLS-119hr1486eh.pdf |
BillText | https://www.congress.gov/119/bills/hr1486/BILLS-119hr1486ih.pdf |
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