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This bill matters because it addresses growing concerns about foreign governments and companies using advanced technology to spy on or steal information from the United States. In an era where digital security is paramount, especially with the rollout of 5G and future networks, protecting critical infrastructure and intellectual property is seen as crucial for national security and economic competitiveness. If this bill becomes law, it would give the President a clear tool to financially penalize specific foreign telecommunications companies engaged in hostile activities, potentially deterring such actions and promoting more secure global networks.
Without this law, the U.S. might rely on broader, less targeted authorities or diplomatic efforts to address economic espionage, which might not be as effective in imposing direct financial consequences. Voters should care because it could impact the security of the communication devices and services they use, as well as the overall health of U.S. industries that are vulnerable to corporate espionage.
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This bill matters because it addresses growing concerns about foreign governments and companies using advanced technology to spy on or steal information from the United States. In an era where digital security is paramount, especially with the rollout of 5G and future networks, protecting critical infrastructure and intellectual property is seen as crucial for national security and economic competitiveness. If this bill becomes law, it would give the President a clear tool to financially penalize specific foreign telecommunications companies engaged in hostile activities, potentially deterring such actions and promoting more secure global networks.
Without this law, the U.S. might rely on broader, less targeted authorities or diplomatic efforts to address economic espionage, which might not be as effective in imposing direct financial consequences. Voters should care because it could impact the security of the communication devices and services they use, as well as the overall health of U.S. industries that are vulnerable to corporate espionage.
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
An AI model extracted this from the bill’s official record and can make mistakes. Check the official text ↗ (opens in new tab)
| TYPE | AMOUNT | WHO |
|---|---|---|
| civil | Up to $356,579 per violation (adjusted for inflation) or an amount that is twice the amount of the transaction, whichever is greater. | Any person that violates, attempts to violate, conspires to violate, or causes a violation of the sanctions. |
| criminal | A fine of not more than $1,000,000, imprisonment for not more than 20 years, or both. | Any person that willfully violates, attempts to violate, conspires to violate, or causes a violation of the sanctions. |