H.R.1486

Economic Espionage Prevention Act imposes sanctions on foreign adversaries engaging in espionage or supporting Russia's military.

The Economic Espionage Prevention Act aims to impose sanctions on foreign adversarial entities involved in economic or industrial espionage, or supporting Russia's military. The President can block property and prohibit transactions of these entities. Sanctions do not apply to intelligence activities or if necessary for international obligations or law enforcement. The act also mandates a report on economic espionage activities and defines terms like "economic or industrial espionage" and "foreign person.