Directed by Kevin Allen and written by Don Rhymer, the film stars Frankie Muniz, Anthony Anderson, Hannah Spearritt and Keith David.

The film takes place in London with Cody and his buffoonish adult partner, Derek, trying to recover a stolen software and stop the activation of the government's mind control project.

When a group of soldiers attempt to abduct head counselor Victor Diaz, Cody helps him escape, mistaking the CIA operation for a training exercise.

The next day, Cody breaks into a lab owned by Duncan, where he sees the finished device: a microchip inserted as a filling into a tooth cavity by dentist Santiago.

Deducing that with the CIA director under Diaz's control, they may be put on the most wanted list, Cody, Derek, and Emily infiltrate the party before the summit.

Before Santiago can kill him through Derek, Emily finds and subdues him, disabling the mind control software and rescuing the U.S. president, who was to be implanted.

Duncan also attempts to escape but is tripped by Trivial Jenkins, his apparently senile and blind butler, who turns out to be Emily's handler.

The director of the first Cody Banks film, Harald Zwart, was initially poised to return but left over financial disagreements.

[8] While speaking with Steve-O, Frankie Muniz revealed that MGM had pitched to him two ideas for a family-friendly sequel and an adult oriented animated series.