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New Sanctions on Telecom Companies Engaging in Espionage Against US

This act imposes financial sanctions on foreign telecommunications companies that produce 5G or future generation technology and engage in economic or industrial espionage against US persons. The goal is to protect American trade secrets and proprietary information, potentially impacting data security and technology availability for citizens.
Key points
Blocking property of foreign telecom companies involved in stealing trade secrets or other illicit activities.
Protecting US businesses from economic espionage, potentially enhancing data security and innovation.
The President can temporarily waive sanctions if vital to US national security interests.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_9490
Sponsor: Rep. Gallagher, Mike [R-WI-8]
Process start date: 2022-12-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

NETWORKS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9490.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-12.

What are the main provisions?

Key points include:

  • Blocking property of foreign telecom companies involved in stealing trade secrets or other illicit activities.
  • Protecting US businesses from economic espionage, potentially enhancing data security and innovation.
  • The President can temporarily waive sanctions if vital to US national security interests.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Gallagher, Mike [R-WI-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Foreign Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Security Economy