Stop PRC Economic Espionage Act of 2026
A bill to amend title 18, United States Code, to provide that an entity domiciled in a foreign adversary country is a foreign instrumentality for purposes of the prohibition on economic espionage.
The bill, SB5024, seeks to change the law by defining entities based in foreign adversary countries as foreign instrumentalities for economic espionage purposes. This means that companies or organizations from these countries would be subject to stricter regulations and penalties if they engage in activities that could harm the U.S. economy.
This change would impact businesses and organizations operating in the U.S. from countries designated as adversaries. They would face heightened scrutiny and potential legal consequences for any espionage activities aimed at stealing economic secrets or intellectual property. The goal is to protect the U.S. economy from threats posed by these foreign entities.
As of July 16, 2026, the bill has just been introduced in the Senate and referred to the Committee on the Judiciary. This means it is in the early stages of the legislative process, and further steps such as committee review and potential amendments are on the horizon.
