Protect America’s Innovation and Economic Security from CCP Act of 2025

S 672 establishes a new "CCP Initiative" within the Department of Justice to counter threats from the Chinese Communist Party (CCP) to U.S. innovation and economic security. The initiative focuses on investigating CCP-linked espionage, trade secret theft, and foreign investment risks targeting U.S. intellectual property, academic institutions, and critical infrastructure. It requires annual reports to Congress on progress, resource use, and assessments of CCP economic espionage activities, including economic losses. The initiative expires six years after enactment.