Protect America’s Innovation and Economic Security from CCP Act

S 511 establishes the "CCP Initiative" within the Department of Justice's National Security Division to counter threats from the Chinese Communist Party (CCP) targeting U.S. innovation and economic security. The initiative mandates DOJ prioritization of investigations into trade secret theft, hacking, and economic espionage affecting U.S. intellectual property, academic institutions, and critical infrastructure - particularly in defense, telecommunications, and supply chains. Key mechanisms include creating a dedicated steering committee with specific DOJ and FBI leadership, requiring separate funding allocation for the initiative, and mandating annual congressional briefings on its progress. The bill expires six years after enactment and requires DOJ to apply existing laws like the Foreign Agents Registration Act to unregistered CCP operatives. It directly affects DOJ operations, federal prosecutors, and entities vulnerable to CCP-linked economic espionage.