American Economic Independence Act of 2024

S 4026, the American Economic Independence Act of 2024, requires the President to submit regular reports to Congress on economic ties between the U.S. and China. These reports, due annually for 15 years, must assess economic integration in 10 priority sectors (including semiconductors, AI, critical minerals, and supply chains) and analyze associated national security risks like intellectual property theft or defense industrial vulnerabilities. The reports must include recommendations for mitigating these risks and will be developed with input from 13 federal agencies, including Defense, Commerce, and Treasury. The bill does not enact new policies but mandates this ongoing analysis to inform national security decisions.