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Boosting US Economic Diplomacy, Trade, and Security Globally.

This act aims to strengthen the United States' economic position internationally. It focuses on supporting American businesses abroad, combating unfair trade practices, and building stronger economic relationships with allies. Citizens may benefit from increased trade and investment opportunities, potentially leading to new jobs and a more stable economy.
Key points
Strengthening the role of diplomats in promoting American economic and commercial interests abroad.
Establishing 'deal teams' to assist US companies in identifying and securing trade and investment opportunities.
Creating rapid response teams to protect partner countries from coercive economic practices by adversaries.
Supporting digital infrastructure and cybersecurity development in partner countries, potentially improving internet access and data protection.
Launching a pilot program to identify and remove trade barriers in developing countries, which could facilitate US exports.
Facilitating claims for US companies in cases of intellectual property theft or forced technology transfer abroad.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_4632
Sponsor: Sen. Risch, James E. [R-ID]
Process start date: 2022-07-27
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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

ECON Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4632.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-27.

What are the main provisions?

Key points include:

  • Strengthening the role of diplomats in promoting American economic and commercial interests abroad.
  • Establishing 'deal teams' to assist US companies in identifying and securing trade and investment opportunities.
  • Creating rapid response teams to protect partner countries from coercive economic practices by adversaries.
  • Supporting digital infrastructure and cybersecurity development in partner countries, potentially improving internet access and data protection.
  • Launching a pilot program to identify and remove trade barriers in developing countries, which could facilitate US exports.
  • Facilitating claims for US companies in cases of intellectual property theft or forced technology transfer abroad.
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. Risch, James E. [R-ID].

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