Sec. 501. Duties of officers performing economic functions
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Chapter 5 of title I of the Foreign Service Act of 1980 ( 22 U.S.C. 3981 et seq. ) is amended by adding at the end the following new section: In this section, the term United States person means— a United States citizen or an alien lawfully admitted for permanent residence to the United States; or an entity organized under the laws of the United States or any jurisdiction within the United States, including a foreign branch of such an entity. The Secretary is authorized to direct the economic officers of the Foreign Service as appropriate to carry out the full spectrum of economic statecraft and commercial diplomacy work that advances United States foreign policy priorities in the host country or domestic posting to which they are assigned, including— to negotiate economic and other related agreements with foreign governments and international organizations; to inform the Department, and when appropriate, the Washington, D.C., headquarters offices of Federal agencies, with respect to the positions of foreign governments and international organizations in negotiations on such matters as economic, energy, environment, science and health; to advance— the routine implementation and maintenance of economic, environment, science, and health agreements; and other initiatives in the countries to which such officers are assigned related to improving economic or commercial relations for the benefit of United States persons, including businesses; to identify, and help design and execute, and advance in consultation with other Federal agencies, United States policies, programs, and initiatives, including capacity-building efforts, to advance policies of foreign governments that improve local economic governance, market-based business environments, and market access, increase trade and investment opportunities, or provide a more level playing field for United States persons, including with respect to— improving revenue collection; streamlining customs processes and improving customs transparency and efficiency; improving regulatory management; improving procurement processes, including facilitating transparency in tendering, bidding, and contact negotiation; advancing intellectual property protections; eliminating anticompetitive subsidies and improving the transparency of remaining subsidies; improving budget management and oversight; and strengthening management of important economic sectors; to prioritize active support of economic and commercial goals of the United States, and as appropriate, United States persons abroad, in conjunction with the United States and Foreign Commercial Service established by section 2301 of the Export Enhancement Act of 1988 ( 15 U.S.C. 4721 ); to provide United States persons with information on all United States Government support with respect to international economic matters; to receive feedback from United States persons with respect to support described in paragraphs
(5)and (6), and report that feedback to the chief of mission and to the headquarters of the Department; to consult closely and regularly with the private sector in accordance with section 709 of the Championing American Business through Diplomacy Act of 2019 ( 22 U.S.C. 9905 ); to identify and execute opportunities for the United States to counter policies, initiatives, or activities by authoritarian governments or enterprises affiliated with such governments that are anticompetitive or undermine the sovereignty or prosperity of the United States or a partner country; to identify and execute opportunities for the United States in new and emerging areas of trade and investment, such as digital trade, critical minerals extraction, refining, and processing, energy, and innovation; to monitor the development and implementation of bilateral and multilateral economic and other related agreements and provide recommendations to the Secretary and the heads of other relevant Federal agencies with respect to United States actions and initiatives relating to those agreements; to maintain complete and accurate records of the performance measurements of the Department for economic and commercial diplomacy activities, as directed by the chief of mission and other senior officials of the Department; to report on issues and developments related to economic, commercial, trade, and investment matters with direct relevance to United States economic and national security interests, especially when accurate, reliable, timely, and cost-effective information is unavailable from non-United States Government sources; and to coordinate all activities, as necessary and appropriate, with counterparts in other agencies. The Secretary shall update guidance in the Foreign Affairs Manual and other regulations and guidance as necessary to implement this section. . The table of contents for the Foreign Service Act of 1980 is amended by inserting after the item relating to section 505 the following: Sec. 506. Duties of economic officers. .
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