This bill requires the President to impose sanctions on people and companies that operate in parts of the economy of the People's Republic of China if they have engaged in a pattern of significant theft of the intellectual property of a United States person or have received such stolen intellectual property. Sanctions include blocking and prohibiting transactions in the person's property that are in the United States or under the control of a U.S. person, and making those persons ineligible for U.S. visas, admission, or parole with immediate revocation of current visas.
The bill defines covered persons to include non-U.S. individuals and entities organized under the laws of the People's Republic of China or owned or controlled by its nationals. It authorizes penalties for violations, allows the President to use powers under the International Emergency Economic Powers Act to implement sanctions, and permits case-by-case waivers or termination of sanctions if the President certifies it is in the national security interest or the person has stopped stealing U.S. intellectual property. The President must submit a report within 180 days naming persons who meet the criteria.
A separate section prevents issuance of visas and denies entry for senior officials of the Chinese Communist Party (including Politburo and Central Committee members and delegates to the 20th National Congress), their spouses and children, cabinet members, and active duty members of the People's Liberation Army. That restriction can be lifted if the President certifies the cited country has stopped supporting efforts to infringe U.S. intellectual property. The Secretary of State must report within 180 days on visa screening and list research institutions associated with the People's Liberation Army and the Ministry of State Security.
Most people in the United States will not see immediate changes. The steps in the bill target foreign individuals and entities identified as engaging in or benefiting from repeated intellectual property theft. U.S. persons would be prohibited from transactions involving blocked property and could face penalties for violating asset-blocking rules. Certain foreign officials and military members would be barred from receiving U.S. visas under the bill's rules.
No publicly available information.
The bill's stated purpose is to impose sanctions and visa restrictions on persons and entities operating in sectors where there is a pattern of significant theft of the intellectual property of United States persons, and to require reports identifying such persons and related research institutions.
No publicly available information.