This bill amends federal law to expand the definition of what qualifies as a "foreign instrumentality" under economic espionage statutes. Specifically, it allows the government to treat any company or entity that is based in a foreign adversary country, such as China, as a foreign instrumentality—regardless of who owns it. Currently, the law only covers entities that are substantially owned by foreign governments. The bill affects businesses and individuals conducting economic espionage on behalf of entities from countries designated as covered nations under national defense law. The legislation has no specified funding or implementation timeline beyond its introduction in July 2026, making it a straightforward legal amendment intended to strengthen enforcement against foreign economic espionage.