1. Short title This Act may be cited as the Countering Chinese Espionage Reporting Act . 2. Findings Congress makes the following findings: (1) The Chinese Communist Party poses pervasive and growing threats to United States domestic national security. (2) On November 1, 2018, the Department of Justice launched a new initiative, referred to as the China Initiative , to address some of the most critical threats to United States domestic national security posed by the Chinese regime. (3) The China Initiative has sought to identify and prosecute Chinese trade-secret theft and economic espionage and to protect American critical infrastructure and supply chains from covert influence. (4) The Chinese Communist Party’s aggression is a pervasive and growing problem, as approximately 80 percent of all Federal economic espionage prosecutions involve alleged conduct that would benefit the Chinese Communist Party, and about 60 percent of all United States trade-secret theft cases have a nexus to the Chinese Communist Party. (5) According to the Commission on the Theft of American Intellectual Property, the Chinese Communist Party’s theft of United States intellectual property is estimated to cost the United States economy between $225,000,000,000 to $600,000,000,000 annually. (6) The Department of Justice has identified academia as one of the sectors of the United States economy that are most vulnerable to trade-secret theft and economic espionage by the Chinese Communist Party. The Chinese Communist Party exploits the American tradition of openness and the free flow of ideas for its own benefit. (7) The widespread and dangerous threats posed by the Chinese Communist Party has been underscored by the most senior-level United States Government officials. (8) On November 1, 2018, the former Assistant Attorney for the Department of Justice’s National Security Division stated, China wants the fruits of America’s brainpower to harvest the seeds of its planned economic dominance. Preventing this from happening will take all of