Us Congress House Bill HB7699

Us Congress 2023-2024 Regular Session

• Introduced: 3/15/24
• Refer: 3/15/24

Caption

Public-Private Information Sharing on Manipulative Adversary Practices Act

Impact

The bill emphasizes the need for an organized strategy to assemble and transmit critical information to safeguard U.S. interests abroad, especially against deceptive tactics used by foreign adversaries who may intervene in projects involving critical minerals. Key elements of the strategy include protecting U.S. businesses from foreign government involvement that may pose a risk, as well as encouraging U.S. entities to report any suspicious activities related to energy projects.

Summary

House Bill 7699, titled the Public-Private Information Sharing on Manipulative Adversary Practices Act, aims to enhance the sharing of information and intelligence between the Federal Government and private entities. The bill specifically targets foreign adversary tactics and illicit activities that threaten the ability of U.S. companies to compete internationally in energy generation and storage projects, particularly concerning critical minerals. It requires the Director of National Intelligence to develop a strategy aimed at improving this information-sharing within 90 days of enactment.

Contention

While the bill highlights the necessity of protecting American businesses from foreign threats, concerns may arise regarding the effectiveness of such measures and the potential for overreach in federal oversight. Critics could argue that the reliance on federal intelligence could stifle local initiatives and create bureaucratic hurdles for U.S. companies trying to navigate international risks. The balance between vital national security interests and the operational autonomy of domestic companies will likely be a point of debate among stakeholders.