Economic Espionage Prevention Act
Rep. Richard McCormick (R-GA) sponsored this bill, which authorizes the President to impose visa and property-blocking sanctions on foreign entities from countries designated as adversaries (China, Russia, Iran, North Korea, Cuba, and Venezuela) that steal U.S. trade secrets, provide support to foreign militaries, or violate export control laws. The bill also narrows exemptions under existing emergency economic powers law, allowing the President to restrict exports of information, software source code, and sensitive personal data during a national emergency even though these categories normally cannot be restricted. The bill requires the President to submit a report on economic espionage threats. The legislation also modifies civil liability provisions related to these sanctions and actions.
What’s in the bill (6 sections)
- Sec. 2. Findings
- Sec. 3. Report
- Sec. 4. Imposition of sanctions with respect to economic or industrial
- Sec. 5. Importation of goods exception
- Sec. 6. Definitions
- Sec. 7. 4 of title 15, Code of
Where it is in the process
Community vote
How readers of ThePolitibase feel about this bill. Reader sentiment only — not a scientific poll, and not a measure of public opinion.
District map
Sponsor
Cosponsors (3)
Activity timeline
May 6, 2025
May 5, 2025
May 5, 2025
May 5, 2025
May 5, 2025
May 5, 2025
May 5, 2025
Feb 21, 2025
Feb 21, 2025
Feb 21, 2025
Full action log
All 3 cosponsors
In the news
One email when they vote against their own party. Nothing else.