Combating China's IP Theft: New Sanctions and Visa Restrictions.
This act aims to protect American intellectual property by imposing sanctions on individuals and entities from China involved in its theft. US citizens may indirectly benefit from the protection of innovation and jobs, although the direct impact on their daily lives is limited. The act also introduces visa restrictions for certain Chinese officials and their families.
Key points
Financial Sanctions: Freezing assets of individuals and companies from China that steal US intellectual property.
Visa Restrictions: Individuals and companies under sanctions will be denied US visas, and existing visas may be revoked.
Entry Ban: Senior Chinese Communist Party officials, their family members, and military personnel may be banned from entering the US.
Innovation Protection: The goal is to protect American companies and innovators from unfair competition and idea theft.
Expired
Additional Information
Print number: 118_HR_7608
Sponsor: Rep. Curtis, John R. [R-UT-3]
Process start date: 2024-03-11