II 

115TH CONGRESS 

2D SESSION S. 2757 

To require a national economic security strategy, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

APRIL 25, 2018 

Mr. YOUNG (for himself, Mr. MERKLEY, Mr. RUBIO, and Mr. COONS) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To require a national economic security strategy, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘National Economic Se5 curity Strategy Act of 2018’’. 

6 SEC. 2. SENSE OF CONGRESS. 

7 It is the sense of Congress that— 

8 (1) the national security of the United States 

9 depends in large part on a vibrant, growing, and se10 cure United States economy; 


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1 (2) the United States confronts more inter2 national economic competition and threats today 

3 than at any time in the Nation’s history; 

4 (3) a failure of the United States to compete 

5 economically will undermine the prosperity and secu6 rity of the people of the United States; 

7 (4) the United States is stronger when the na8 tional security strategy integrates economic tools in 

9 the service of foreign policy objectives; 

10 (5) it is in the national security and economic 

11 interests of the United States— 

12 (A) to promote free, fair, and reciprocal 

13 economic relationships between the United 

14 States and foreign individuals and entities; 

15 (B) to promote and protect the United 

16 States innovation base, including the defense 

17 industrial base; 

18 (C) to ensure that the United States leads 

19 in research, technology, and innovation; 

20 (D) to counter anticompetitive economic 

21 behavior, policies, and strategies by foreign in22 dividuals and entities; 

23 (E) to promote environmental stewardship; 

24 and 


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1 (F) to ensure workers and families in the 

2 United States have the opportunity to thrive 

3 with competitive wages and are not unfairly dis4 advantaged; 

5 (6) the Federal Government has a limited, but 

6 important, role in facilitating the ability of the 

7 United States to compete successfully in the inter8 national economic competition described in para9 graph (2); and 

10 (7) the Federal Government should periodically 

11 produce a national economic security strategy— 

12 (A) to ensure Federal policies, statutes, 

13 regulations, procedures, data gathering, and as14 sessment practices are optimally designed and 

15 implemented to facilitate the competitiveness, 

16 prosperity, and security of the United States; 

17 and 

18 (B) maximally advance economic oppor19 tunity for present and future generations of 

20 United States citizens. 

21 SEC. 3. NATIONAL ECONOMIC SECURITY STRATEGY. 

22 (a) STRATEGY REQUIRED.— 

23 (1) INITIAL STRATEGY.—Not later than 180 

24 days after the date of the enactment of this Act, the 

25 President, in coordination with the National Security 


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1 Council and the National Economic Council and the 

2 heads of other relevant Federal agencies, shall sub3 mit to the appropriate congressional committees a 

4 report setting forth a national economic security 

5 strategy of the United States to support the national 

6 security strategy for 2017. 

7 (2) SUBSEQUENT STRATEGIES.—Beginning in 

8 2021, the President, in coordination with the Na9 tional Security Council and the National Economic 

10 Council and the heads of other relevant Federal 

11 agencies, shall submit to the appropriate congres12 sional committees a national economic security strat13 egy— 

14 (A) in any year in which a new President 

15 is inaugurated, not later than October 1 of that 

16 year; and 

17 (B) in any other year, not later than 90 

18 days after the transmission to Congress in that 

19 year of the national security strategy. 

20 (b) ELEMENTS.—Each report required by subsection 

21 (a) shall set forth a national economic security strategy 

22 of the United States and shall, at a minimum, include the 

23 following: 

24 (1) An assessment of the global competitive po25 sition of key United States economic sectors, includVerDate Sep 11 2014 04:24 May 03, 2018 Jkt 079200 PO 00000 Frm 00004 Fmt 6652 Sfmt 6201 E:\BILLS\S2757.IS S2757

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1 ing strengths, weaknesses, opportunities, and 

2 threats. 

3 (2) An assessment of the national debt and its 

4 implications for the economic and national security 

5 of the United States. 

6 (3) A description and discussion of the 

7 prioritized economic security interests and objectives 

8 of the United States, including key economic sectors 

9 vital to economic security of the United States. 

10 (4) A description of the leading threats, chal11 lenges, and opportunities associated with the inter12 ests and objectives described in paragraph (3), in13 cluding— 

14 (A) an assessment of the severity and like15 lihood of the threats, both foreign and domestic, 

16 and an explicit linking of each such threat to a 

17 national interest or objective; 

18 (B) an assessment of the nature of the 

19 challenges and how each challenge will evolve if 

20 left unaddressed; and 

21 (C) an assessment of the opportunities and 

22 associated potential benefits to United States 

23 interests or objectives. 

24 (5) An overview of the public and private sector 

25 tools necessary to address or minimize the leading 


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1 threats and challenges described in paragraph (4) 

2 and to take advantage of the leading opportunities 

3 described in that paragraph. 

4 (6) An assessment of whether the United States 

5 Government or private sector possesses those tools. 

6 (7) For each such threat, challenge, or oppor7 tunity that the United States Government or private 

8 sector lack sufficient tools to address, minimize, or 

9 take advantage of, a detailed plan to develop, im10 prove, or foster those tools. 

11 (8) A plan to utilize available tools to address 

12 or minimize the leading threats and challenges and 

13 to take advantage of the leading opportunities, in14 cluding— 

15 (A) a discussion of the optimal allocation 

16 of finite resources and an identification of the 

17 risks associated with that allocation; 

18 (B) specific objectives, tasks, metrics, and 

19 milestones for each relevant Federal agency; 

20 (C) specific plans to eliminate obstacles for 

21 the private sector in areas supportive of the na22 tional economic security strategy and to maxi23 mize the prudent use of public-private partner24 ships; 


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1 (D) specific plans to eliminate obstacles to 

2 strengthening United States energy security, 

3 sustainability, and resilience in areas supportive 

4 of the national economic security strategy, in5 cluding energy diversity and sustainable man6 agement and use of energy resources; 

7 (E) specific plans to promote environ8 mental stewardship and fair competition for 

9 United States workers; 

10 (F) a description of— 

11 (i) how the national economic security 

12 strategy supports the national security 

13 strategy; and 

14 (ii) how the national economic secu15 rity strategy is integrated and coordinated 

16 with the most recent national defense 

17 strategy under section 113(g) of title 10, 

18 United States Code; 

19 (G) a plan to encourage the governments 

20 of countries that are allies or partners of the 

21 United States to cooperate with the execution 

22 of the national economic security strategy, 

23 where appropriate; and 

24 (H) a plan to encourage certain inter25 national and multilateral organizations to supVerDate Sep 11 2014 04:24 May 03, 2018 Jkt 079200 PO 00000 Frm 00007 Fmt 6652 Sfmt 6201 E:\BILLS\S2757.IS S2757

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1 port the implementation of the national eco2 nomic security strategy. 

3 (9) An identification of any additional resources 

4 or statutory authorizations necessary to implement 

5 the national economic security strategy. 

6 (c) FORM OF REPORT.—Each report required by sub7 section (a) shall be submitted in unclassified form, but 

8 may include a classified annex. 

9 (d) DEFINITIONS.—In this section: 

10 (1) APPROPRIATE CONGRESSIONAL COMMIT11 TEES.—The term ‘‘appropriate congressional com12 mittees’’ means— 

13 (A) the Committee on Appropriations, the 

14 Committee on Armed Services, the Committee 

15 on Banking, Housing, and Urban Affairs, the 

16 Committee on Commerce, Science, and Trans17 portation, the Committee on Finance, and the 

18 Committee on Foreign Relations of the Senate; 

19 and 

20 (B) the Committee on Appropriations, the 

21 Committee on Armed Services, the Committee 

22 on Energy and Commerce, the Committee on 

23 Financial Services, the Committee on Foreign 

24 Affairs, and the Committee on Ways and Means 

25 of the House of Representatives. 


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1 (2) NATIONAL SECURITY STRATEGY.—The term 

2 ‘‘national security strategy’’ means the national se3 curity strategy required by section 108 of the Na4 tional Security Act of 1947 (50 U.S.C. 3043). 

Æ 


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