← Back to results
Federal

To provide for the development and implementation of economic defense response teams.

Source: Congress.gov  ·  1,617 words in original text
This bill directs the President, through the Secretary of State, to create and test a pilot program for economic defense response teams. These teams will provide emergency technical help and support to countries facing economic threats or pressure from other countries. The teams will also work as a connection between the affected country's government and the United States Government.
The Secretary of State and other U.S. government agencies (State Department, Agency for International Development, Treasury Department, Commerce Department, Energy Department, Homeland Security Department, Agriculture Department, and the Office of the U.S. Trade Representative). Foreign countries facing coercive economic measures (economic pressure used to force political or military actions). Congress, specifically the Senate Committee on Foreign Relations and the House Committee on Foreign Affairs.
The President must establish the pilot program within 180 days of the bill becoming law, with the Secretary of State overseeing the effort. (Sec. 1(a)) The response teams may help reduce a country's vulnerability to economic pressure, minimize damage from such pressure, implement emergency plans, develop future strategies, address concerning foreign investments in infrastructure, respond to cyber threats, and provide direct economic assistance. (Sec. 1(a)) The program must include staff from multiple U.S. departments and agencies, including personnel with expertise in finance, trade, energy, cybersecurity, and agriculture. (Sec. 1(b)(1)) The President may activate a response team for 180 days after declaring an economic crisis, with notification to Congress. The President may extend the team's deployment for an additional 180 days with detailed justification to Congress. (Sec. 1(d)) The Secretary of State must report to Congress when the program is established and again one year later, describing the program's operations and whether it should become permanent. (Sec. 1(c))
If this becomes law, the U.S. Government will create a new pilot program to rapidly assemble and deploy teams of experts to help foreign countries respond to economic threats or pressure from adversaries (hostile countries or groups).
Coercive economic measures: Economic pressure used as a tool to force action. Coercive economic emergency: An unusual and extraordinary economic threat from an adversary of the United States.
The pilot program must be developed and implemented within 180 days after the bill becomes law. The program's authority expires on December 31, 2026. (Sec. 1(a) and Sec. 1(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.