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Protecting US Innovation and Economy from Foreign Threats

This act establishes a new program within the Department of Justice to protect American businesses, universities, and infrastructure from technology theft and economic espionage. This aims to enhance data and innovation security, which can indirectly impact economic stability and product availability.
Key points
A dedicated program is established to combat economic espionage and intellectual property theft, especially in technology and academic sectors.
Actions to protect critical US infrastructure from foreign threats, including through investments and supply chains, will be strengthened.
The program will identify and prosecute those involved in trade secret theft and cyberattacks, aiming to increase data security for businesses and citizens.
The act mandates annual reports on the program's progress and challenges, enhancing transparency and accountability.
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Introduced
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Additional Information
Print number: 119_S_672
Sponsor: Sen. Scott, Rick [R-FL]
Process start date: 2025-02-20