HR 6029 · 112th Congress · Crime and Law Enforcement
Foreign and Economic Espionage Penalty Enhancement Act of 2012
Bill Progress
1
Introduced2
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 112-269.(2013-01-14)
Plain Language Summary
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Foreign and Economic Espionage Penalty Enhancement Act of 2012 - Amends the federal criminal code to increase: (1) the term of imprisonment for economic espionage (i.e., stealing or obtaining, duplicating or conveying, or buying or possessing trade secrets without authorization, intending or knowing that the offense will benefit any foreign government, foreign instrumentality, or foreign agent) from 15 years to 20 years; and (2) the maximum fine for such offenses committed by individuals (from $500,000 to $5 million) or by organizations (from $10 million to $10 million or 3 times the value of the stolen trade secret to the organization). Directs the U.S. Sentencing Commission to review and amend the federal sentencing guidelines and policy statements applicable to offenses relating to the transmission of a stolen trade secret outside of the United States or economic espionage in order to reflect the intent of Congress that penalties for such offenses reflect the seriousness of, and potential and actual harm caused by, such offenses and provide adequate deterrence. Directs the Commission to: (1) consider the extent to which such guidelines and statements appropriately account for th…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 6029, Foreign and Economic Espionage Penalty Enhancement Act of 2012
Jul 17, 2012As ordered reported by the House Committee on the Judiciary on July 10, 2012
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (11)
5 Democrats6 Republicans