ECONOMIC DIPLOMACY WITHIN THE DEPARTMENT OF STATE.

SEC. 703. ECONOMIC DIPLOMACY WITHIN THE DEPARTMENT OF STATE. Subsection (c) of section 1 of the State Department Basic Authorities Act of 1956 (22 U.S.C. 2651a) is amended— (1) by redesignating paragraph (3) as paragraph (4); and (2) by inserting after paragraph (2) the following new paragraph: “(3) Assistant secretary for economic and business matters.— “(A) In general.—Subject to the numerical limitation specified in paragraph (1), there is authorized to be established in the Department of State an Assistant Secretary of State who shall be responsible to the Secretary of State for matters pertaining to international economics and business matters in the conduct of foreign policy. “(B) Matters contemplated.—The matters referred to in subparagraph (A) include the following: “(i) International trade and investment policy. “(ii) International finance, economic development, and debt policy. “(iii) Economic sanctions and combating terrorist financing. “(iv) International transportation policy. “(v) Support for United States businesses. “(vi) Economic policy analysis and private sector outreach. “(vii) International data privacy and innovation policies. “(viii) Such other related duties as the Secretary may from time to time designate.” .