arrow_back Back to App

Economic Espionage Prevention Act: New Sanctions for Espionage and Adversary Support

This act aims to protect American companies from economic and industrial espionage. It introduces new sanctions against foreign entities that steal trade secrets or support the military and intelligence of countries deemed adversaries. Citizens may feel an indirect impact through strengthened national economic security.
Key points
Imposition of sanctions, such as asset blocking and visa bans, on foreign entities involved in economic espionage or supporting adversarial military forces.
Requirement for the U.S. government to report on espionage activities and support for Russia by Chinese entities, increasing transparency and accountability.
Exceptions from sanctions for U.S. intelligence activities, international obligations, and support for law enforcement.
article Official text account_balance Process page
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1486
Sponsor: Rep. McCormick, Richard [R-GA-7]
Process start date: 2025-02-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Economic Espionage Prevention Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1486.

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 2025-02-21.

What are the main provisions?

Key points include:

  • Imposition of sanctions, such as asset blocking and visa bans, on foreign entities involved in economic espionage or supporting adversarial military forces.
  • Requirement for the U.S. government to report on espionage activities and support for Russia by Chinese entities, increasing transparency and accountability.
  • Exceptions from sanctions for U.S. intelligence activities, international obligations, and support for law enforcement.
What is the specific legal status?

The current status is Passed House.

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. McCormick, Richard [R-GA-7].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1828-1829)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Security Economy Courts and Law