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This bill requires the Attorney General to submit detailed reports to Congress every year for seven years documenting the Justice Department's efforts to counter Chinese espionage and national security threats in the United States. The reports must describe activities targeting trade secret theft, intellectual property theft, and efforts to stop foreign intelligence collection from researchers in universities, laboratories, and defense facilities, as well as account for the resources devoted to these programs. The legislation emphasizes that Chinese activities allegedly cost the U.S. economy between $225 billion and $600 billion annually in stolen intellectual property, and cites statistics showing that about 80 percent of federal economic espionage cases involve Chinese actors. The reports must be unclassified and made publicly available on the Justice Department website, though they may include classified sections for sensitive information. The bill appears motivated by concerns that the Biden administration weakened enforcement efforts against Chinese espionage by ending a prior initiative in February 2022 and dismissing charges against suspected Chinese military researchers.

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