S. 5024 – Reading Mode

119th CONGRESS

2d Session

S. 5024

IN THE SENATE OF THE UNITED STATES

July 16, 2026

Mr. Cornyn (for himself and Mr. Cotton) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

A BILL

To amend title 18, United States Code, to provide that an entity domiciled in a foreign adversary country is a foreign instrumentality for purposes of the prohibition on economic espionage.

Short title

This Act may be cited as the Stop PRC Economic Espionage Act of 2026.

Definition of foreign instrumentality for purposes of economic espionage prohibition

Section 1839(1) of title 18, United States Code, is amended—

(1)

by striking that is substantially owned and inserting the following: “that is—

(A)

substantially owned

; and

(2)

by adding at the end the following: “or

(B)

domiciled in a covered nation, as defined in section 4872 of title 10;