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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.
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Additional Information
Print number: 118_HR_10100
Sponsor: Rep. Moolenaar, John R. [R-MI-2]
Process start date: 2024-11-05
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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

Economic Security and Diplomacy Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10100.

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 2024-11-05.

What are the main provisions?

Key points include:

  • 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.
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. Moolenaar, John R. [R-MI-2].

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 2025-12-24.

CATEGORIES

Economy Security