WASHINGTON D.C. — Today, the U.S. House of Representatives passed Congresswoman Young Kim’s (CA-40) PROFIT Act to comprehensively restore and reinforce the State Department’s leadership on commercial diplomacy, energy security, and international economic policy for the first time in over two decades.
This legislation comes as China and other adversaries continue to exploit gaps in America’s economic statecraft, using trade, investment, and energy dependence as tools of coercion. The State Department has lacked the structure and mandate to aggressively counter these threats and champion American businesses on the world stage. The PROFIT Act directly addresses that challenge by ensuring U.S. diplomats are equipped not just to engage, but to compete and win.
“I have long said that economic security is national security. Now, for the first time in decades, our diplomatic compass is finally pointing in a more strategic direction,” said Rep. Young Kim. “Today’s vote proves that America is serious about securing and maintaining its role on the world stage. I am proud to have worked alongside the administration to restore U.S. economic leadership, equip our diplomats to stand up for American workers and businesses, and ensure the United States can outcompete our adversaries.”
Rep. Young Kim spoke on the House Floor in support of H.R. 5248.
