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Economic Defense Teams: Aid for Countries Facing Economic Coercion

This act establishes a pilot program to create rapid response teams. Their purpose is to support countries threatened by or experiencing economic coercion from other nations. The goal is to protect the sovereignty and economic stability of these countries, which indirectly impacts global security and trade stability, and thus the prices and availability of goods for citizens.
Key points
Creation of expert teams to assist countries in dealing with economic threats, such as trade blockades or cyberattacks.
Support includes financial advice, market development assistance, digital security, and contingency plans for economic crises.
The program is a pilot and will run until the end of 2026, with the possibility of becoming a permanent program after its effectiveness is assessed.
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Expired
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Additional Information
Print number: 117_S_1824
Sponsor: Sen. Portman, Rob [R-OH]
Process start date: 2021-05-25
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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

A bill to provide for the development and implementation of economic defense response teams.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1824.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • Creation of expert teams to assist countries in dealing with economic threats, such as trade blockades or cyberattacks.
  • Support includes financial advice, market development assistance, digital security, and contingency plans for economic crises.
  • The program is a pilot and will run until the end of 2026, with the possibility of becoming a permanent program after its effectiveness is assessed.
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 Sen. Portman, Rob [R-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Security