Economic Statecraft for the Twenty-First Century Act

The Economic Statecraft for the Twenty-First Century Act is designed to strengthen U.S. economic competitiveness and national security by addressing unfair trade practices and securing critical supply chains. The bill would create a federal task force to counter economic pressure from foreign adversaries, increase inspections of imported goods to prevent counterfeit products from entering the country, and restrict the export of sensitive semiconductor technology. For the average citizen, these measures aim to protect American intellectual property, ensure the authenticity of consumer goods, and stabilize the domestic economy by reducing reliance on foreign technology manufacturing.