Mr. Chairman, I thank, once again, the gentleman from Texas (Mr. Gooden), for yielding me the time and putting together this important bill, the Protect America's Innovation and Economic Security from CCP Act. Mr. Chair, I rise today in support of this legislation as well as to offer an amendment to it. As has been noted, the annual cost of intellectual property theft is estimated to be around $500 billion annually. What are we doing about it? The Trump administration created a program to counteract this espionage and prosecute individuals that were taking advantage of American ingenuity and innovation. However, the Biden-Harris administration canceled yet another program that was working. It is ironic how this has happened so many times, Mr. Chairman. Trump policies at the border are keeping Americans safe; we better cancel them. Trump policies are working to grow the economy and people's paychecks; we better cancel them. Trump policies are promoting peace around the world. We can't have that. Following the Biden-Harris shutdown of the Chinese Initiative, there were zero, I repeat, zero, new economic espionage cases that were opened in 2022. It reminds me of the progressive DAs in Democrat-run cities that have stopped prosecuting crimes and that are saying: Look, crime is down. You are safe with me now. Well, we are not safe in this country, Mr. Chairman, nor are we safe from the threats abroad with the Biden-Harris administration. My amendment is very straightforward.…
On the recordSeptember 10, 2024
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