Bill > S330

This bill, known as the Combatting China's Pilfering of Intellectual Property Act (CCP IP Act), aims to impose sanctions on individuals and entities from the People's Republic of China who engage in systematic theft of intellectual property from U.S. persons. The bill authorizes the President to block assets and financial transactions of such persons, and to deny them entry into the United States. Specifically, the sanctions target Chinese nationals, companies, and organizations that have a pattern of stealing intellectual property, including those operating in specific economic sectors. The bill also restricts visa issuance to senior Chinese Communist Party officials, Politburo members, cabinet members, and active-duty People's Liberation Army personnel, along with their immediate family members. The President has the ability to waive these sanctions on a case-by-case basis if they determine it is in the national security interest of the United States. Additionally, the bill requires the President to submit a report within 180 days of enactment identifying persons subject to sanctions, and the Secretary of State must provide a report detailing visa screening mechanisms and listing research institutions associated with Chinese military and intelligence organizations. The ultimate goal is to deter intellectual property theft and protect U.S. innovation and economic interests.

Government Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/330/all-info