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New Initiative to Protect US Innovation and Economic Security from Nation-State Threats.

This Act establishes the CCP Initiative within the Department of Justice to counter nation-state threats, focusing on economic espionage, intellectual property theft, and protecting critical infrastructure. Citizens will benefit from enhanced security for their data and innovations, though academic and research environments may face increased scrutiny to prevent illegal technology transfer. The program is set to operate for six years, prioritizing the timely prosecution of economic security crimes.
Key points
Establishment of the dedicated CCP Initiative in the Department of Justice to prioritize investigations and prosecutions related to economic espionage, hacking, and trade secret theft.
Strengthening the protection of critical infrastructure and supply chains (especially in the telecommunications sector before the 5G transition) against external threats.
Implementing educational efforts for colleges and universities to protect academic freedom from foreign influence and enforcing the Foreign Agents Registration Act (FARA).
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Additional Information
Print number: 118_S_511
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2023-02-16