Expands U.S. law to include companies from adversary countries in economic espionage rules.
This bill would change who the U.S. government can prosecute for economic espionage. Currently, only companies largely owned by a foreign government are considered "foreign instrumentalities" under the law. The bill would expand this to also include any company based in a country the U.S. considers a "foreign adversary." This means more foreign companies could face legal action if they are caught spying on U.S. businesses.
Today, U.S. law against economic espionage mainly targets companies largely owned by foreign governments. If this bill passes, the law would also apply to any company based in a country the U.S. considers a "foreign adversary." This would be true even if that government doesn't directly own the company.
S 5024 · 119th Congress · July 16, 2026 · AI Summary by gemini-2.5-flash · 9/10
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