Establishes a Justice Department program called the CCP Initiative to counter Chinese Communist Party and PRC efforts to steal trade secrets, hack, and spy on U.S. businesses, universities, and research.

• Creates the CCP Initiative within the Justice Department's National Security Division, with resources set aside for it and kept separate from other nation-state programs except in exceptional circumstances.
• Directs the initiative to prioritize prosecuting trade secret theft, hacking, and economic espionage by PRC-linked actors, and to review foreign investments that raise PRC-related risks, including as part of the Committee on Foreign Investment in the United States.
• Requires an annual report to four House and Senate committees on the initiative's progress, resources, and an assessment of economic losses from PRC hacking and trade secret theft.
• Takes effect on enactment and ceases to be in effect six years later.

• Judiciary Committee (House)

Crime and Law Enforcement