Strengthening US Economic Diplomacy, Trade Protection, and Combating Foreign Coercion.
This Act significantly enhances the role of US diplomats in promoting American economic interests globally, establishing specialized teams to help businesses secure deals and fight unfair competition. For citizens, this means increased support for US enterprises in international markets, aiming to boost domestic economic growth and protect jobs. It also introduces new legal tools to combat intellectual property theft and predatory pricing by foreign state-controlled entities.
Key points
US embassies will actively support American companies in securing contracts and investments abroad through dedicated "Deal Teams."
New rules are introduced making it easier to sue foreign state-controlled entities for predatory pricing that harms US competition.
Intellectual property protection is strengthened by expanding the definition of trade secret theft to include unauthorized development of products based on stolen secrets.
Funds and programs (like the Infrastructure Transaction and Assistance Network) are established to promote sustainable investments in partner countries, particularly in the Indo-Pacific region.
Expired
Citizen Poll