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Protecting US Trade Secrets: New Sanctions for Theft

This new law allows the US government to impose sanctions on foreign individuals and entities that steal significant trade secrets from US persons. It aims to protect American innovation and the economy, potentially benefiting citizens through enhanced economic security and job protection.
Key points
The US government will identify and report on foreign entities involved in stealing American trade secrets.
Sanctions can include asset blocking, loan prohibitions, visa restrictions, and other financial measures.
The law seeks to safeguard American businesses and their innovations from unfair foreign competition.
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Became Law
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Additional Information
Print number: 117_S_1294
Sponsor: Sen. Van Hollen, Chris [D-MD]
Process start date: 2021-04-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting American Intellectual Property Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1294.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-21.

What are the main provisions?

Key points include:

  • The US government will identify and report on foreign entities involved in stealing American trade secrets.
  • Sanctions can include asset blocking, loan prohibitions, visa restrictions, and other financial measures.
  • The law seeks to safeguard American businesses and their innovations from unfair foreign competition.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Van Hollen, Chris [D-MD].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-336.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Security Economy Courts and Law