# The STRATEGIC Act of 2024: Summary
This legislation establishes a comprehensive U.S. strategy to counter the People's Republic of China (PRC) across diplomatic, economic, security, and technological domains while strengthening U.S. alliances and addressing related national security concerns.
## Major Provisions
**Countering CCP Influence**
The bill strengthens enforcement of the Foreign Agents Registration Act (FARA) by increasing criminal penalties from $10,000 to $200,000, adding civil enforcement mechanisms with fines up to $200,000, and authorizing the Attorney General to issue civil investigative demands. It requires universities to prohibit gifts and contracts from PRC entities above $1 million annually, mandates think tanks disclose foreign funding from adversarial governments, and restricts certain cultural exchanges with the PRC.
**Economic Competition and Security**
The legislation creates a $400 million fund to counter PRC malign influence globally and establishes $75 million annually through 2029 for strategic infrastructure investment. It authorizes the U.S. to respond rapidly to economic coercion through expedited congressional procedures and authorizes $15 million annually to help U.S. companies diversify supply chains away from China.
**Countering Predatory Practices**
The bill authorizes sanctions against foreign entities practicing predatory pricing, expands trade secret theft laws to include unauthorized product development, establishes an IP violators list of PRC companies, and requires annual reviews of Chinese companies in U.S. capital markets. It prohibits using PRC battery manufacturers starting October 1, 2027.
**Security Alliances**
Provisions eliminate funding for Track 1.5 dialogues with China on nuclear issues, establish a special envoy for critical and emerging technologies, and strengthen nuclear deterrence in South Korea. The bill supports Taiwan by removing restrictions on government interactions, authorizing war reserve stock transfers, and establishing a task force to develop economic sanctions targeting PRC aggression. It designates a senior official for Pacific island compacts and authorizes enhanced diplomatic presence in Pacific countries.
**Regional Strategy**
The legislation mandates strategies for the Indian Ocean region, establishes a Red Sea coordinator position, and authorizes $45 million for centers of excellence in Southeast Asia, the Pacific, sub-Saharan Africa, and Latin America. It requires reports on PRC military