Protecting US Intellectual Property: Compensation from China Tariffs
This bill aims to compensate US citizens and companies whose intellectual property rights have been violated in China. It proposes imposing additional tariffs on goods imported from China, with the collected money going into a special fund from which compensation will be paid.
Key points
Annual study to estimate losses from US intellectual property violations in China.
Imposing tariffs on goods from China equal to these estimated losses, minus existing tariffs.
Creating a fund from these tariffs to pay compensation to affected parties.
US citizens and companies proving quantifiable losses from violations in China can receive payments from the fund.
Expired
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