Restructures the State Department's economic and environmental offices. Renames the Under Secretary for Economic Growth, Energy and the Environment to the Under Secretary for Economic Affairs and gives that official a broad portfolio over trade, energy, critical minerals, sanctions, oceans, the environment, and commercial space. Creates new posts and offices, including a Chief Economist, an Assistant Secretary for Commercial Diplomacy, an Assistant Secretary for Water, Environment, and Space Affairs, an Assistant Secretary for Energy Security and Diplomacy, and an Assistant Secretary for Sanctions Policy (the last replacing the existing Sanctions Coordinator); current officials and bureaus carry over into the renamed roles. Future appointments to the Under Secretary and Assistant Secretary jobs would require Senate confirmation. Moves administration of the CHIPS Act's International Technology Security and Innovation Fund (a fund for secure semiconductor and telecom supply chains) to the new Under Secretary, without changing its funding. Tasks the department with promoting U.S. business and investment abroad, including overseas commercial projects deemed national-security relevant even when they do not meet domestic-content rules. Requires reports to Congress on the U.S. international economic strategy (every two years) and international energy strategy (yearly for three years), and authorizes unspecified appropriations for these offices for fiscal years 2026 and 2027.
Corporate Benefits
- domestic-content thresholds for State-promoted overseas projects — applies to national-security-deemed projects
Transparency & Accountability
- Senate confirmation required for future economic-affairs appointments
- report to Congress on U.S. international economic strategy — every two years
- report to Congress on U.S. international energy strategy — yearly for three years
Congressional Summary
This bill restructures the Department of State's Office of the Under Secretary for Economic Affairs, dividing the office into four bureaus and two offices. (The current structure is here.) The bill also specifies the functions of these organizations and the responsibilities of the organizations' leaders. Under the bill, the following organizations fall under the Office of the Under Secretary for Economic Affairs:the Bureau of Commercial Diplomacy covers trade and investment promotion and policy, international finance and development, and transportation affairs;the Bureau of Water, Environment, and Space Affairs covers space, oceans, environmental quality, fisheries, wildlife, wildlife trafficking, and conservation affairs;the Bureau of Energy Security and Diplomacy formulates and implements international energy, energy technology, critical minerals, and relevant supply chain policies;the Bureau of Sanctions Policy develops policies governing the imposition of sanctions and sanctions strategies;the Office of the Chief Economist provides expert economic advice and analysis; andthe Office of Subnational Diplomacy enables the department’s work with state and local governments within the United States to improve the ability of those governments to attract foreign investment, counter foreign malign influence within the United States, and contribute to U.S. foreign policy priorities.An assistant secretary with specified responsibilities leads each of the four bureaus. The heads of the two offices also have specified responsibilities.The Office of the Under Secretary for Economic Affairs shall administer and oversee the International Technology Security and Innovation Fund, which provides for technology security and semiconductor supply chain activities.
Legislative Subjects
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-09-10
- Date Added
- 2026-06-08
- Source
- Congress.gov →
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