Economic Espionage Prevention Act
Latest action · Sep 9, 2024 Motion to reconsider laid on the table Agreed to without objection.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 10, 2024
- Passed HouseSep 9, 2024
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Economic Espionage Prevention Act
This bill authorizes the President to impose visa- and property-blocking sanctions on foreign adversary entities that knowingly engage in (1) economic and industrial espionage with respect to trade secrets and proprietary information owned by U.S. persons, (2) the provision of material support or services to a foreign adversaries' national security entities, or (3) the violation of U.S. export control laws. The bill cites regulations that define China, Russia, Iran, North Korea, Cuba, and the Maduro regime of Venezuela as foreign adversaries.
The bill also limits certain exemptions from the President's authority under the International Emergency Economic Powers Act (IEEPA). IEEPA provides the President broad authority to regulate a variety of economic transactions following a declaration of national emergency, but exempts from this authority activities such as (1) the import or export of information or informational materials; (2) transactions ordinarily incident to international travel (such as the importation of personal baggage); and (3) personal communications, such as postal or telephonic communications, that do not transfer anything of value. Under the bill, the first two of these exemptions are not applicable if the President determines such imports and exports would seriously impair the ability to deal with a declared national emergency. Additionally, the bill specifies that the first and third exemptions listed above do not apply to bulk sensitive personal data or source code used in a connected software application.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from May 14, 2024 to May 15, 2024.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MI | John R. Moolenaar | May 14, 2024 | |
| R-NY | Michael Lawler | May 14, 2024 | |
| D-CA | Brad Sherman | May 15, 2024 |
Actions 10
Everything that happened, newest first.
- Sep 9, 2024Considered under suspension of the rules. (consideration: CR H5071-5073)
- Sep 9, 2024DEBATE - The House proceeded with forty minutes of debate on H.R. 8361.
- Sep 9, 2024Motion to reconsider laid on the table Agreed to without objection.
- Sep 9, 2024Mr. Barr moved to suspend the rules and pass the bill, as amended.
- Sep 9, 2024On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5071-5072)
Subjects
Assigned by the Library of Congress. Policy area: International Affairs.
- Asia
- China
- Civil actions and liability
- Criminal procedure and sentencing
- Europe
- Intelligence activities, surveillance, classified information
- International Affairs
- Presidents and presidential powers, Vice Presidents
- Russia
- Sanctions
- Trade restrictions
- Trade secrets and economic espionage
- Visas and passports
Text 2
Each version as it was printed, newest first.
- Sep 9, 2024Engrossed in House
- May 10, 2024Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
