119-hr5248

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5248 Introduced in House

    (IH) ]

<DOC>

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 economic security is national 
 security, and for other purposes.

 Be it enacted by the Senate and House of Representatives 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 Department an Under 
Secretary for Economic Affairs who shall be responsible to the 
Secretary for matters pertaining to economic growth, commercial 
expansion, energy, technology policy and innovation, scientific 
research, commercial 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 responsibilities 
described under subsection

    (a) , the Under Secretary for Economic 
Affairs shall maintain continuous observation 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 expanding 
 opportunities for United States private sector companies in 
 international markets, coordinating the use of sanctions to 
 achieve national security objectives, promoting international 
 trade and investment, developing international policies around 
 new and emerging technologies, ensuring United States 
 leadership in science and technology, protecting natural 
 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 environments abroad, expand trade and 
 investment opportunities 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, policies, and best practices for emerging technology 
 that facilitate United States economic growth, and safeguard 
 the preeminence of the United States dollar in international 
 markets.

    (3) Promoting United States international economic 
 interests to be addressed in the Biannual National Economic 
 Security Strategy Report, coordinated 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 Secretary, for matters related to 
 economic growth, energy, and commercial expansion, commercial 
 outer space affairs, oceans, science and technology 
 developments, 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).

    (5) Providing guidance to Department personnel in the 
 United States and overseas who conduct or implement policies, 
 programs, and activities related to economic growth, energy, 
 and commercial expansion, science and technology affairs, 
 natural resource conservation, and civil and commercial 
 activities 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 energy exports, conserving and 
 managing economically important ecosystems and resources, 
 expanding access 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 including 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 enactment of this Act, 
the individual serving before such date of enactment as the Under 
Secretary for Economic Growth, Energy and the Environment shall be the 
Under Secretary for Economic Affairs. Any subsequent appointment 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 TECHNOLOGY 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 ECONOMIC AFFAIRS.

    (a) Administration of Accounts.--The Under Secretary for Economic 
Affairs shall direct, oversee, and 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 Economic 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 responsible to the Under Secretary for 
Economic Affairs for matters pertaining to analyzing and forecasting 
the impact of economic trends on diplomatic functions and national 
security priorities, and such other related duties as the Secretary may 
from time to time designate.

    (b) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Chief Economist shall provide 
research and analysis to inform the Department'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:

    (1) Providing research and analysis to inform the 
 development of the Department's strategy for deploying foreign 
 policy to ensure supply chain resilience, 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 intersection of economics and 
 foreign policy to inform decision-making and diplomatic 
 engagements by senior Department officials.

    (4) Maintaining analytical products for the Department 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 economic expertise 
 of the Department through collaboration with the Foreign 
 Service Institute, the academic community, international 
 organizations, and other Federal departments and agencies the 
 Chief Economist determines necessary.

    (6) Serving as a liaison to technical experts in economics 
 and related fields in partner governments, international 
 institutions, and elsewhere in the United States government and 
 academic community.

    (7) Performing such other duties as the Under Secretary for 
 Economic Affairs may from time to time designate.
            (c) Report.--Not later than one year after the date of the 
enactment of this section, and every two years for the subsequent four 
years, the Chief Economist shall transmit to Congress a report on the 
international economic strategy of the United States and its analytical 
basis. In preparing the report, the Chief Economist shall coordinate 
input and analysis from other bureaus within the Under Secretary for 
Economic Affairs.

SEC. 505. OFFICE OF THE CHIEF ECONOMIST.

    (a) Establishment.--The Secretary shall establish an Office of the 
Chief Economist, which shall perform such functions related to the 
provision of expert economic advice and analysis, as the Under 
Secretary for Economic Affairs may prescribe.

    (b) Chief Economist.--The Chief Economist shall be the head of the 
Office of the Chief Economist.

SEC. 506. AUTHORIZATION OF APPROPRIATIONS FOR THE CHIEF ECONOMIST.

 Of the funds authorized to be appropriated to the Under Secretary 
for Economic Affairs under 

section 503, the Chief Economist shall 
receive the funds necessary to fulfill Office functions and the Chief 
Economist's responsibilities for fiscal years 2026 and 2027.

SEC. 507. ASSISTANT SECRETARY FOR COMMERCIAL DIPLOMACY.

    (a) Establishment.--There is authorized to be in the Department an 
Assistant Secretary?for Commercial Diplomacy who shall be responsible 
to the Under Secretary for Economic Affairs for matters pertaining to 
the trade and investment promotion and policy, international finance 
and development, transportation affairs, and such other related duties 
as the Secretary may from time to time designate.

    (b) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Assistant Secretary for Commercial 
Diplomacy shall be responsible for leading Department policies and 
programs, and coordinating with other United States agencies as 
appropriate, for all matters pertaining to the following:

    (1) Trade and investment promotion, such as--
        (A) assisting and advocating for United States 
 businesses and commercial interests overseas;
        (B) identifying foreign market opportunities for 
 United States businesses and helping United States 
 firms overcome challenges in foreign business climates;
            (C) helping United States companies compete for and 
 win contracts in foreign markets;
            (D) attracting foreign investment into the United 
 States by identifying high potential businesses in 
 foreign countries;
        (E) ensuring United States private sector concerns 
 are integrated into United States foreign policy and 
 economic policy; and
        (F) promoting international commercial projects 
 that advance the national security interests of the 
 United States, regardless of domestic content 
 thresholds.

    (2) International trade policy, including negotiating and 
 implementing trade agreements, resolving trade disputes, 
 bolstering supply chain resilience, and protecting intellectual 
 property rights.

    (3) International investment policy, including monitoring 
 international investment climates, negotiating and implementing 
 investment agreements, representing the Department in the 
 Committee on Foreign Investment in the United States, and 
 assisting United States companies involved in investment 
 disputes with foreign governments.

    (4) Development finance, including the mobilization of 
 private, bilateral, and multilateral development finance for 
 developing countries, particularly investments focused on 
 infrastructure projects.

    (5) The negotiation and extension of debt relief and 
 sovereign loan guarantees for United States allies and 
 partners.

    (6) The promotion of sound, transparent, and stable 
 economic policies overseas.

    (7) Perform such other duties as the Under Secretary for 
 Economic Affairs may from time to time designate.
            (c) First Appointment.--On the date of the enactment of this Act, 
the individual serving before such date of enactment as the Assistant 
Secretary for Economic and Business Affairs shall be the Assistant 
Secretary for Commercial Diplomacy. Any subsequent appointment of an 
individual to the position of Assistant Secretary for Commercial 
Diplomacy shall be subject to the advice and consent of the Senate.

SEC. 508. BUREAU OF COMMERCIAL DIPLOMACY.

    (a) Establishment.--The Secretary shall establish a Bureau of 
Commercial Diplomacy which shall perform such functions related to 
trade and investment promotion and policy, international finance and 
development, and transportation affairs, as the Under Secretary for 
Economic Affairs may prescribe.

    (b) Assistant Secretary.--The Assistant Secretary for Commercial 
Diplomacy shall be the head of the Bureau of Commercial Diplomacy.

SEC. 510. ENHANCING SUBNATIONAL DIPLOMACY.

    (a) Establishment.--There shall be established in the Department an 
Office of Subnational Diplomacy. The Office shall enable the 
Department's work with subnational governments (state, county, city, 
and municipal) within the United States to improve the ability of 
subnational governments to attract foreign investment, counter foreign 
malign influence within the United States, and contribute to the 
foreign policy priorities of the United States.

    (b) Coordinator.--The head of the Office shall be the Coordinator 
for Subnational Diplomacy. The head of the office shall report through 
the Assistant Secretary for Commercial Diplomacy to the Under Secretary 
for Economic Affairs.
            (c) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Coordinator for Subnational 
Diplomacy shall maintain continuous observation and coordination of all 
matters pertaining to subnational diplomacy and Department engagements 
with subnational governments in the conduct of foreign policy, 
including the following:

    (1) Advising the Under Secretary for Economic Affairs on 
 subnational engagements within the United States and serve as 
 the principal official on such matters within the Department.

    (2) Coordinating the Department's support for local and 
 municipal governments' engagements with foreign governments.

    (3) Advising subnational government officials on the 
 potential risks of engagements with countries of concern and 
 share best practices to build resilience against foreign 
 political interference and malign influence.

    (4) Assisting subnational governments in the following 
 areas:
        (A) Attracting or bidding to host major 
 international events.
        (B) Tracking foreign direct investment at the 
 county and municipal levels to highlight trends and 
 opportunities.
            (C) Attracting foreign direct investment and other 
 forms of economic cooperation.
            (D) Building the capacity and knowledge of 
 subnational government staff who have responsibility 
 for engaging with foreign countries.
        (E) Advancing sports diplomacy with foreign 
 countries and entities.
        (F) Implementing programs to cooperate with foreign 
 governments and entities on policy priorities or 
 managing shared resources.
        (G) Understanding the local implications of foreign 
 policy developments or policy changes.

    (5) Supporting the economic interests of the United States 
 through subnational engagements, in consultation and 
 coordination with other relevant agencies.

    (6) Advising and informing local officials as they 
 negotiate agreements and memoranda of understanding with 
 foreign governments related to subnational engagements and 
 priorities.

    (7) Coordinating subnational engagements with associations 
 of subnational elected leaders, including the United States 
 Conference of Mayors, National Governors Association, National 
 League of Cities and similar associations.

    (8) Performing other such duties as the Assistant Secretary 
 for Commercial Diplomacy and the Under Secretary for Economic 
 Affairs may from time to time designate.

SEC. 511. AUTHORIZATION OF APPROPRIATIONS FOR COMMERCIAL DIPLOMACY.

 Of the funds authorized to be appropriated to the Under Secretary 
for Economic Affairs under 

section 503, the Assistant Secretary for 
Commercial Diplomacy shall receive the funds necessary to fulfill 
Bureau functions and the Assistant Secretary's responsibilities for 
fiscal years 2026 and 2027.

SEC. 512. ASSISTANT SECRETARY FOR WATER, ENVIRONMENT, AND SPACE 
 AFFAIRS.

    (a) Establishment.--There is authorized to be in the Department an 
Assistant Secretary for Water, Environment, and Space Affairs who shall 
be responsible to the Under Secretary for Economic Affairs for matters 
pertaining to space, oceans, polar affairs, environmental quality, 
freshwater, fisheries, wildlife and wildlife trafficking, conservation, 
and such other related duties as the Secretary may from time to time 
designate.

    (b) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Assistant Secretary for Water, 
Environment, and Space Affairs shall maintain continuous observation 
and coordination of all matters pertaining to oceans, fisheries, 
natural resource conservation, and outer space in the conduct of 
foreign policy, including, as appropriate, the following:

    (1) Developing United States policy on global environmental 
 security issues with respect to oceans, fisheries, Antarctic 
 region, waste and global pollution, and natural resource 
 management and conservation, including water.

    (2) Representing the Department in bilateral and 
 multilateral negotiations involving the law of the sea, 
 including freedom of navigation and overflight and other lawful 
 uses of the ocean; maritime security; United States maritime 
 zones, including the United States extended continental shelf; 
 marine science; sustainable management and protection of marine 
 habitats and resources; marine pollution; and maritime claims 
 and boundaries.

    (3) Leading United States engagement on Antarctica and in 
 international oceans agreements and conventions with foreign 
 governments and international organizations to promote 
 solutions that advance United States national security, 
 economic, and environmental interests.

    (4) Coordinating the development of policies and programs 
 to conserve and manage economically important ecosystems, 
 including, forests, wetlands, drylands, and coral reefs.

    (5) Developing policies and programs to address 
 international threats to natural resources including but not 
 limited to illicit trade; illegal, unreported and unregulated 
 fishing; wildlife trafficking; and illegal logging and 
 associated trade.

    (6) Developing and implementing United States foreign 
 policy related to air, water and soil pollution and risks to 
 human health and the environment caused by the transboundary 
 movement of hazardous chemicals and waste and other forms of 
 pollution to promote environmental security with trade partners 
 and in multilateral institutions.

    (7) Representing the Department in bilateral and 
 multilateral engagements including organizations, institutions, 
 and negotiation of international agreements on related issues.

    (8) Developing policies and programs, in coordination with 
 the National Aeronautics and Space Administration, the 
 Department of Commerce, and other relevant Federal departments 
 and agencies, as appropriate, to support partnerships between 
 the United States and international and private industry 
 partners in the development of infrastructure and policies that 
 expand economic growth in outer space, including--
        (A) countering malign efforts by foreign 
 adversaries and other actors that threaten United 
 States interests in civil and commercial space;
        (B) expanding access to foreign markets for United 
 States commercial industry, including by encouraging 
 reforms that reduce barriers to trade and cooperation 
 with United States civil and commercial space actors; 
 and
            (C) providing assistance to foreign governments and 
 organizations, including national, regional, and 
 international institutions, on such terms and 
 conditions as the Secretary may determine.

    (9) Leading bilateral and multilateral engagements related 
 to civil and commercial space activities, resilient space 
 services, burden sharing, and other matters related to 
 international space law and diplomacy and other United States 
 international obligations and commitments.

    (10) In accordance with the National Space Policy, leading 
 United States Government engagement with international Global 
 Navigation Satellite Systems providers to ensure compatibility 
 and encourage interoperability of civil global navigation 
 satellite services based on United States-based global 
 positioning systems, including through the International 
 Committee on Global Navigation Satellite Systems.

    (11) Leading Department efforts to implement international 
 arrangements and promote cooperation on Earth observation 
 satellite systems.

    (12) Leading Department engagement in multilateral and 
 bilateral forums on international space policy, space law, and 
 commercial and civil treaties or agreements.

    (13) Leading Department efforts on transparency in space by 
 maintaining the official United States space object registry 
 and promoting best practices for safe operations in space, 
 preservation of the space environment, space traffic 
 coordination, and space situational awareness.

    (14) Leading Department efforts to align foreign space law, 
 regulatory, and policy frameworks with United States-endorsed 
 models, approaches, and best practices.

    (15) Performing such other duties as the Under Secretary 
 for Economic Affairs may from time to time designate.
            (c) First Appointment.--On the date of the enactment of this Act, 
the individual serving as the Assistant Secretary for Oceans and 
International Environmental and Scientific Affairs on the day before 
such date of enactment shall be the Assistant Secretary for Water, 
Environment, and Space Affairs. Any subsequent appointment of an 
individual to the position of Assistant Secretary for Water, 
Environment, and Space Affairs shall be subject to the advice and 
consent of the Senate.

SEC. 513. BUREAU OF WATER, ENVIRONMENT, AND SPACE AFFAIRS.

    (a) Establishment.--The Secretary shall establish a Bureau of 
Water, Environment, and Space Affairs, which shall perform such 
functions related to space, oceans, environmental quality, fisheries, 
wildlife, and wildlife trafficking, and conservation affairs, as the 
Under Secretary for Economic Affairs may prescribe.

    (b) Assistant Secretary.--The Assistant Secretary for Water, 
Environment, and Space Affairs shall be the head of the Bureau of 
Water, Environment, and Space Affairs.

SEC. 514. AUTHORIZATION OF APPROPRIATIONS FOR WATER, ENVIRONMENT, AND 
 SPACE AFFAIRS.

 Of the funds authorized to be appropriated to the Under Secretary 
for Economic Affairs under 

section 503, the Assistant Secretary for 
Water, Environment, and Space Affairs shall receive the funds necessary 
to fulfill Bureau functions and the Assistant Secretary's 
responsibilities for fiscal years 2026 and 2027.

SEC. 515. ASSISTANT SECRETARY FOR ENERGY SECURITY AND DIPLOMACY.

    (a) Establishment.--There is authorized to be in the Department an 
Assistant Secretary for Energy Security and Diplomacy who shall be 
responsible to the Under Secretary for Economic Affairs for all matters 
pertaining to the formulation and implementation of international 
energy, energy technology, critical minerals, and relevant supply chain 
policies in the conduct of foreign policy by the Department, including, 
as appropriate, to protect United States energy security interests, 
lead the coordination of energy programs carried out by United States 
Government agencies abroad, and such other related duties as the 
Secretary may from time to time designate.

    (b) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Assistant Secretary for Energy 
Security and Diplomacy shall maintain continuous observation and 
coordination of all matters pertaining to the development of policies 
to secure access to international energy markets and diversify critical 
mineral supply chains in the conduct of foreign policy, including, as 
appropriate, the following:

    (1) Representing the Secretary in interagency efforts to 
 develop the international energy policy of the United States.

    (2) Leading the analysis, formulation, and implementation 
 of international policies aimed at protecting and advancing 
 United States energy interests.

    (3) Effectively managing United States bilateral and 
 multilateral relations and, as directed by the Secretary, 
 representing the Secretary in relevant international fora and 
 organizations, including the International Energy Agency, to 
 bolster global energy security and advance the interests of the 
 United States.

    (4) Ensuring that analyses of the national security and 
 economic security implications of global energy developments 
 are reflected in the decision-making processes within the 
 Department.

    (5) Incorporating energy and critical mineral security 
 priorities into the activities of the Department.

    (6) Coordinating energy activities of the Department with 
 relevant Federal departments and agencies, including the 
 Departments of Energy, Commerce, Defense, and Interior, and the 
 Development Finance Corporation to promote United States energy 
 security and energy development to support United States 
 national security readiness.

    (7) Coordinating with the Bureau of Sanctions Policy on 
 economic sanctions pertaining to the international energy 
 sector.

    (8) Coordinating energy security and other relevant 
 functions within the Department currently undertaken by--
        (A) the Bureau of Commercial Diplomacy;
        (B) the Bureau of Water, Environment, and Space 
 Affairs;
            (C) the Bureau of Arms Control and 
 Nonproliferation; and
            (D) other bureaus and offices within the 
 Department.

    (9) Working internationally to--
        (A) support the development of energy technologies, 
 natural resources, critical minerals, and supply chains 
 for the benefit of the United States and United States 
 allies and trading partners for their energy security 
 and economic development needs;
        (B) promote secure and diversified energy and 
 critical minerals supply chains, and a well-functioning 
 global market for energy resources, energy 
 technologies, critical minerals;
            (C) resolve international disputes regarding the 
 exploration, development, production, or distribution 
 of energy and critical minerals resources where the 
 United States strategic interests are present;
            (D) support the economic and commercial interests 
 of United States persons operating in the energy 
 markets of foreign countries; and
        (E) support and coordinate international efforts to 
 alleviate energy poverty, enhance energy access and 
 energy efficiency to promote United States strategic 
 interests and offer alternatives to adversary 
 initiatives for United States allies and partners.

    (10) Conducting public diplomacy with regard to United 
 States international energy policy to strengthen transparency 
 and governance.

    (11) Performing such other duties as the Under Secretary 
 for Economic Affairs may from time to time designate.
            (c) Annual Report.--Not later than one year after the date of the 
enactment of this section, and annually thereafter for three years, the 
Assistant Secretary for Energy Security and Diplomacy shall submit to 
Congress a report on the United States international energy strategy.

SEC. 516. BUREAU OF ENERGY SECURITY AND DIPLOMACY.

    (a) Establishment.--The Secretary shall establish a Bureau of 
Energy Security and Diplomacy, which shall perform such functions 
related to the formulation and implementation of international energy, 
energy technology, critical minerals, and relevant supply chain 
policies, as the Under Secretary for Economic Affairs may prescribe.

    (b) Assistant Secretary.--The Assistant Secretary for Energy 
Security and Diplomacy shall be the head of the Bureau of Energy 
Security and Diplomacy.

SEC. 517. AUTHORIZATION OF APPROPRIATIONS FOR ENERGY SECURITY AND 
 DIPLOMACY.

 Of the funds authorized to be appropriated to the Under Secretary 
for Economic Affairs under 

section 503, the Assistant Secretary for 
Energy Security and Diplomacy shall receive the funds necessary to 
fulfill Bureau functions and the Assistant Secretary's responsibilities 
for fiscal years 2026 and 2027.

SEC. 518. ASSISTANT SECRETARY FOR SANCTIONS POLICY.

    (a) Establishment.--There is authorized to be in the Department an 
Assistant Secretary for Sanctions Policy, who shall be responsible to 
the Under Secretary for Economic Affairs for matters pertaining to the 
development of policies governing the imposition of sanctions, in 
consultation with the Under Secretary for International Security 
Affairs and the Assistant Secretary for Arms Control and 
Nonproliferation as appropriate, and such other related duties as the 
Secretary may from time to time designate.

    (b) Responsibilities.--In addition to the responsibilities 
described under subsection

    (a) , the Assistant Secretary for Sanctions 
Policy shall maintain continuous observation and coordination of all 
matters pertaining to the development and implementation of sanctions 
policies as part of United States diplomatic strategies in the conduct 
of foreign policy, including, as appropriate, the following:

    (1) Developing the foreign policy strategy of United States 
 sanctions programs, including consideration of the use of 
 sanctions in combination with other United States foreign 
 policy tools and the political and economic implications of 
 sanction policies.

    (2) Coordinating the effective implementation and 
 enforcement of sanctions, including all activities, policies, 
 and programs pertaining to sanctions within the Department.

    (3) Coordinating sanctions policy with foreign partners and 
 allies to ensure the maximum effectiveness of sanctions imposed 
 by the United States and such allies and partners.

    (4) Consulting regularly with a broad range of stakeholders 
 on the implications of United States sanctions policy for 
 United States economic interests.

    (5) Contributing to the reports to Congress produced by the 
 Chief Economist.

    (6) Leading the Department's efforts to identify and 
 designate individuals for visa sanctions related to human 
 rights violations.

    (7) Developing policies and programs, in coordination with 
 the Department of the Treasury and other Federal departments 
 and agencies as necessary and with foreign partners, to combat 
 money laundering, terrorist financing, cybercrimes, and other 
 illicit financial activities.

    (8) Representing the Department in all interagency groups 
 or organizations within the executive branch that plan, assess, 
 analyze, or review United States sanctions policies, such as 
 interagency groups organized under the auspices of the 
 Department of the Treasury, the Department of Commerce, and the 
 Department of Homeland Security.

    (9) Performing such other duties as the Under Secretary for 
 Economic Affairs may from time to time designate.
            (c) Redelegation of Authority.--The Secretary may delegate, or 
authorize successive redelegation of, authority to the Assistant 
Secretary for Sanctions Policy to act and to render decisions, with 
respect to all sanctions policies administered by the Department. 
Within the limitations of such delegations, redelegations, or 
assignments, all official acts and decisions by the Assistant Secretary 
for Sanctions Policy shall have the same force and effect as though 
performed or rendered by the Secretary.
            (d) First Appointment.--On the date of the enactment of this Act, 
the individual serving before such date of enactment as the Coordinator 
for Sanctions shall be the Assistant Secretary for Sanctions Policy. 
Any subsequent appointment of an individual to the position of 
Assistant Secretary for Sanctions Policy shall be subject to the advice 
and consent of the Senate.

SEC. 519. BUREAU OF SANCTIONS POLICY.

    (a) Establishment.--The Secretary shall establish a Bureau of 
Sanctions Policy, which shall perform such functions related to the 
development of policies governing the imposition of sanctions and 
sanctions strategies, as the Under Secretary for Economic Affairs may 
prescribe.

    (b) Assistant Secretary.--The Assistant Secretary for Sanctions 
Policy shall be the head of the Bureau of Sanctions Policy.

SEC. 520. AUTHORIZATION OF APPROPRIATIONS FOR SANCTIONS POLICY.

 Of the funds authorized to be appropriated to the Under Secretary 
for Economic Affairs under 

section 503, the Assistant Secretary for 
Sanctions Policy shall receive the funds necessary to fulfill Bureau 
functions and the Assistant Secretary's responsibilities for fiscal 
years 2026 and 2027.

SEC. 521. REFERENCES.

 Any reference in any statute, reorganization plan, Executive order, 
regulation, agreement, determination, or other official document or 
proceeding to--

    (1) the Under Secretary for Economic Growth, Energy and the 
 Environment shall be deemed to refer to the Under Secretary for 
 Economic Affairs;

    (2) the Assistant Secretary for Economic and Business 
 Affairs shall be deemed to refer to the Assistant Secretary for 
 Commercial Diplomacy;

    (3) the Bureau for Economic and Business Affairs shall be 
 deemed to refer to the Bureau for Commercial Diplomacy;

    (4) the Assistant Secretary for Oceans and International 
 Environmental and Scientific Affairs shall be deemed to refer 
 to the Assistant Secretary for Water, Environment, and Space 
 Affairs;

    (5) the Bureau for Oceans and International Environmental 
 and Scientific Affairs shall be deemed to refer to the Bureau 
 for Water, Environment, and Space Affairs;

    (6) the Sanctions Coordinator shall be deemed to refer to 
 the Assistant Secretary for Sanctions Policy; and

    (7) the Office of the Sanctions Coordinator shall be deemed 
 to refer to the Bureau of Sanctions Policy.

SEC. 522. CLASSIFICATION IN UNITED STATES CODE.

    (a) The Office of Law Revision Counsel is directed to--

    (1) utilize sections 129-159 of title 22, United States 
 Code, to classify the sections of this title; and

    (2) maintain the legislative history, under editorial 
 notes, of repealed law which previously occupied the 
 corresponding sections of United States Code.
 <all>