I 
119TH CONGRESS 
1ST SESSION H. R. 5248 
To ensure the alignment of economic and foreign policies, to position the 
Department of State to reflect that economic security is national security, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 10, 2025 
Mrs. KIM introduced the following bill; which was referred to the Committee 
on Foreign Affairs 
A BILL 
To ensure the alignment of economic and foreign policies, 
to position the Department of State to reflect that eco-
nomic security is national security, and for other pur-
poses. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
TITLE V—ECONOMIC AFFAIRS 
SEC. 501. UNDER SECRETARY FOR ECONOMIC AFFAIRS. 
(a) ESTABLISHMENT.—There shall be in the Depart-
ment an Under Secretary for Economic Affairs who shall 
be responsible to the Secretary for matters pertaining to 
economic growth, commercial expansion, energy, tech-
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
nology policy and innovation, scientific research, commer-
cial outer space affairs, critical minerals, water and the 
environment, protection of natural resources, sanctions 
policies, and such other related duties as the Secretary 
may from time to time designate. 
(b) RESPONSIBILITIES.—In addition to the respon-
sibilities described under subsection (a), the Under Sec-
retary for Economic Affairs shall maintain continuous ob-
servation and coordination of all matters pertaining to 
economic and business affairs in the conduct of foreign 
policy, including, as appropriate, the following: 
(1) Preparing an annual strategic plan for ex-
panding opportunities for United States private sec-
tor companies in international markets, coordinating 
the use of sanctions to achieve national security ob-
jectives, promoting international trade and invest-
ment, developing international policies around new 
and emerging technologies, ensuring United States 
leadership in science and technology, protecting nat-
ural resources, and promoting United States energy 
interests. 
(2) Developing policies for consideration by the 
Secretary to promote economic growth, facilitate 
market access, create business enabling environ-
ments abroad, expand trade and investment opportu-
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
nities for United States companies, promote United 
States energy exports and energy security, conserve 
and manage economically important ecosystems and 
resources, expand access to critical minerals abroad, 
support United States civil and commercial space 
governance, promote international standards, poli-
cies, and best practices for emerging technology that 
facilitate United States economic growth, and safe-
guard the preeminence of the United States dollar in 
international markets. 
(3) Promoting United States international eco-
nomic interests to be addressed in the Biannual Na-
tional Economic Security Strategy Report, coordi-
nated by the Office of the Chief Economist. 
(4) Attending and participating in meetings of 
the National Security Council, and National Space 
Council, when applicable, at the direction of the Sec-
retary, for matters related to economic growth, en-
ergy, and commercial expansion, commercial outer 
space affairs, oceans, science and technology devel-
opments, natural resource protection, and fulfill the 
role of Foreign Affairs Sous Sherpa relating to the 
activities of the Group of Seven Industrial Nations 
(G–7). 
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
(5) Providing guidance to Department per-
sonnel in the United States and overseas who con-
duct or implement policies, programs, and activities 
related to economic growth, energy, and commercial 
expansion, science and technology affairs, natural re-
source conservation, and civil and commercial activi-
ties in outer space. 
(6) Coordinating activities related to promoting 
economic growth, facilitating market access, creating 
business enabling environments abroad, expanding 
trade and investment opportunities, promoting of en-
ergy exports, conserving and managing economically 
important ecosystems and resources, expanding ac-
cess to critical minerals, maintaining United States 
leadership in science, technology, and outer space, 
and safeguarding the preeminence of the United 
States dollar in international markets. 
(7) As directed by the Secretary, representing 
the Department at interdepartmental meetings in-
cluding the National Economic Council, Homeland 
Security Council, Council on Environmental Quality, 
and in providing policy advice to the Secretary on 
matters under consideration by these groups. 
(c) FIRST APPOINTMENT.—On the date of the enact-
ment of this Act, the individual serving before such date 
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
of enactment as the Under Secretary for Economic 
Growth, Energy and the Environment shall be the Under 
Secretary for Economic Affairs. Any subsequent appoint-
ment of an individual to the position of Under Secretary 
for Economic Affairs shall be subject to the advice and 
consent of the Senate. 
SEC. 502. ADMINISTRATION OF THE INTERNATIONAL TECH-
NOLOGY SECURITY AND INNOVATION FUND. 
Section 102(c) of the CHIPS Act of 2022 (Public 
Law 117–167; 136 Stat. 1375) is amended— 
(1) in paragraph (1)— 
(A) by inserting ‘‘, acting through the 
Under Secretary of State for Economic Affairs’’ 
after ‘‘Secretary of State’’; and 
(B) by adding at the end the following: 
‘‘Within the Department of State, the Fund 
shall be overseen and administered by the 
Under Secretary for Economic Affairs.’’. 
(2) in paragraph (2)(B), by inserting ‘‘, acting 
through the Under Secretary of State for Economic 
Affairs’’ after ‘‘Secretary of State’’. 
SEC. 503. AUTHORIZATION OF APPROPRIATIONS FOR ECO-
NOMIC AFFAIRS. 
(a) ADMINISTRATION
OF ACCOUNTS.—The Under 
Secretary for Economic Affairs shall direct, oversee, and 
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
otherwise exercise responsibility of funds made available 
for the International Technology Security and Innovation 
Fund. 
(b) AUTHORIZATION OF APPROPRIATIONS.—Of the 
funds authorized to be appropriated to the Secretary of 
State under section 141, the Under Secretary for Eco-
nomic Affairs shall receive the funds necessary to fulfill 
the Under Secretary’s responsibilities for fiscal years 2026 
and 2027. 
SEC. 504. CHIEF ECONOMIST. 
(a) ESTABLISHMENT.—There is authorized to be in 
the Department a Chief Economist who shall be respon-
sible to the Under Secretary for Economic Affairs for mat-
ters pertaining to analyzing and forecasting the impact of 
economic trends on diplomatic functions and national se-
curity priorities, and such other related duties as the Sec-
retary may from time to time designate. 
(b) RESPONSIBILITIES.—In addition to the respon-
sibilities described under subsection (a), the Chief Econo-
mist shall provide research and analysis to inform the De-
partment’s strategy for deploying international economic 
policy to strengthen alliances, deter malign foreign actors, 
and reduce dependencies on strategic rivals in the conduct 
of foreign policy, including, as appropriate, the following: 
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB
(1) Providing research and analysis to inform 
the development of the Department’s strategy for 
deploying foreign policy to ensure supply chain resil-
ience, secure access to raw materials and critical 
minerals, and maximize international market access. 
(2) Providing analysis of complex, emerging 
geoeconomic issues and offer advice to Department 
leadership on economic diplomacy challenges. 
(3) Conducting research and rigorous, data- 
driven analysis of high priority issues at the inter-
section of economics and foreign policy to inform de-
cision-making and diplomatic engagements by senior 
Department officials. 
(4) Maintaining analytical products for the De-
partment on international economic issues, including 
on sanctions evasion and the vulnerabilities of the 
United States and its partners to economic coercion, 
as well as the economic opportunities for United 
States businesses. 
(5) Contributing to the expansion of the eco-
nomic expertise of the Department through collabo-
ration with the Foreign Service Institute, the aca-
demic community, international organizations, and 
other Federal departments and agencies the Chief 
Economist determines necessary. 
VerDate Sep 11 2014 
02:34 Sep 11, 2025
Jkt 059200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H5248.IH
H5248
kjohnson on DSK7ZCZBW3PROD with $$_JOB