HR 6029 · 112th Congress · Crime and Law Enforcement

Foreign and Economic Espionage Penalty Enhancement Act of 2012

Introduced 2012-06-27· Sponsored by Rep. Smith, Lamar [R-TX-21]· House

Bill Progress

1
Introduced
2
Committee
House Vote
Senate
Enacted
Latest: Became Public Law No: 112-269.(2013-01-14)

Plain Language Summary

[AI summary unavailable — showing source text] 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 Office

H.R. 6029, Foreign and Economic Espionage Penalty Enhancement Act of 2012

Jul 17, 2012

As 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