New Economic Security Office in State Department
This act establishes a new Deputy Secretary of State for Economic Security to better protect U.S. economic interests. This means the government will focus more on issues like supply chain security, trade policy, and sanctions, potentially affecting product availability and prices, as well as data and technology security.
Key points
A new office within the State Department will focus on U.S. economic security, including sanctions, trade, and supply chains.
The changes aim to better protect American businesses and citizens from economic threats like economic coercion or critical product supply issues.
A database of global economic and scientific trends, including activities of China and Russia, will be created to aid decision-making for U.S. interests.
Significant funds are authorized for new offices and tools, including artificial intelligence, to improve data analysis and threat response.
Status:
Expired
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