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Economic Defense Response Teams: Aid for Countries Facing Economic Coercion

This act establishes a pilot program for rapid response teams to assist other countries in defending against economic coercion from adversaries. The goal is to protect the sovereignty and economic stability of partner nations, indirectly impacting global security and trade stability, and thus the prices and availability of goods for citizens.
Key points
Creation of expert teams from various fields (finance, trade, cybersecurity, energy, agriculture) to support threatened countries.
Assistance includes reducing vulnerability to economic attacks, minimizing damage, and developing response plans.
Support in protecting infrastructure and digital technologies from hostile actions, which can affect data security and online services.
The program is a pilot, and its continued operation will be assessed after one year, with a possibility of extension until the end of 2026.
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Additional Information
Print number: 118_HR_2546
Sponsor: Rep. Case, Ed [D-HI-1]
Process start date: 2023-04-10