← Back to results
Federal

Protect America’s Innovation and Economic Security from CCP Act of 2024

Source: Congress.gov  ·  1,137 words in original text
What This Bill Does
This bill creates the CCP Initiative, a new program within the Department of Justice's National Security Division (the part of the Justice Department that handles threats to the nation's security). The program will work to counter threats from the Chinese Communist Party, stop spying on American technology and universities, and investigate Chinese companies that may be breaking United States laws or harming American businesses.
Who It Affects
The Attorney General (head of the Department of Justice) and the Assistant Attorney General for National Security will run this program. The FBI (Federal Bureau of Investigation) and other federal agencies will help. Universities, research labs, defense contractors, and small businesses with technology or intellectual property (original ideas and inventions) may be affected. Congress will receive reports on the program's work.
Key Provisions
- The CCP Initiative will counter nation-state threats to the United States and stop spying by the Chinese Communist Party on American intellectual property and universities (Sec. 2(a)(1) and (2)) - The program will create a strategy to catch researchers, lab workers, and defense contractors who are stealing or transferring American technology against United States interests (Sec. 2(a)(3)) - The Initiative must identify and prosecute people engaged in stealing trade secrets (proprietary business information), hacking, and economic espionage, and must protect American critical infrastructure from foreign investment threats and supply chain problems (Sec. 2(a)(6)) - The program will investigate investments by Chinese companies on government restricted lists and report findings to the Secretaries of Commerce and Defense (Sec. 2(a)(7)) - The CCP Initiative must operate separately from all other Department of Justice programs, with dedicated resources that cannot be shared with other programs (Sec. 2(c)) - The Attorney General must file a yearly written report to four congressional committees detailing the program's progress, resources used, coordination with other agencies, and economic losses to the United States from Chinese hacking and theft (Sec. 2(d))
What Changes
A new specialized government program begins operating within the Justice Department to investigate and prosecute cases involving Chinese Communist Party threats to American technology, businesses, and security. The program receives its own dedicated funding and staff that cannot be used for other Justice Department purposes. Congress will receive detailed annual reports on the program's activities and findings.
Important Definitions
The bill does not explicitly define any terms. It references existing laws (the Foreign Investment Risk Review Modernization Act of 2018 and the Foreign Corrupt Practices Act of 1977) but does not define their terms within this bill text.
Effective Date
This bill takes effect on the date it becomes law and stops operating 6 years after that date (Sec. 2(e)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.