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This bill matters because it addresses a growing concern about foreign entities, specifically the Chinese Communist Party, attempting to steal valuable American intellectual property and technology. If passed, it would establish a dedicated, well-resourced program within the U.S. government solely focused on combating these threats. This could lead to more effective prevention, investigation, and prosecution of economic espionage and hacking, potentially safeguarding billions of dollars in American innovation and protecting U.S. jobs and competitiveness.
Without this bill, efforts to counter these sophisticated threats might remain more scattered or less adequately funded, potentially allowing sensitive U.S. technology and business secrets to be compromised more easily. It aims to secure the future of American innovation and maintain the nation's economic advantage by actively defending against covert attempts to undermine it.
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This bill matters because it addresses a growing concern about foreign entities, specifically the Chinese Communist Party, attempting to steal valuable American intellectual property and technology. If passed, it would establish a dedicated, well-resourced program within the U.S. government solely focused on combating these threats. This could lead to more effective prevention, investigation, and prosecution of economic espionage and hacking, potentially safeguarding billions of dollars in American innovation and protecting U.S. jobs and competitiveness.
Without this bill, efforts to counter these sophisticated threats might remain more scattered or less adequately funded, potentially allowing sensitive U.S. technology and business secrets to be compromised more easily. It aims to secure the future of American innovation and maintain the nation's economic advantage by actively defending against covert attempts to undermine it.
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