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China's Threat to the Fed: Chinese Influence and Information Theft at U.S. Federal Reserve Banks
Senate Committee on Homeland Security and Governmental Affairs
Senate Committee on Homeland Security and Governmental Affairs
Abstract
The Committee on Homeland Security and Governmental Affairs released a Minority Staff report regarding the findings of a 2019 investigation by the Permanent Subcommittee on Investigations, chaired by Senator Portman. The report details China’s exploitation of talent recruitment programs to target the U.S. science and technology sectors, perpetuating malign influence and information theft campaigns against institutions like the Federal Reserve. It highlights the Federal Reserve’s lack of effective policies and procedures to counter these threats. Recommendations include enacting the Safeguard American Innovation Act (SAIA) to protect taxpayer-funded research, developing strategies to combat intellectual property theft, enhancing relationships with law enforcement agencies, improving confidentiality protections, and promoting a “Know Your Collaborator” culture for monitoring collaborations.
Date
2022-07-01
Document Type
Senate Minority Staff Report
Serial Number
Document Length
48 pages
Congress
117
Relation
DOI
Keywords
Staff Reports
PAP Major Code
17: Space, Science, Technology, and Communications
PAP Minor Code
1709: Computer Industry, Cyber Security, and the Internet