Protecting US Innovation: Public Listing of Foreign Entities Stealing Critical Technology.
This law establishes a process for the US government to publicly identify foreign entities from adversary nations that are stealing or using American patents and trade secrets related to critical technologies without permission. The goal is to protect US innovators and companies by exposing intellectual property theft. This mechanism allows US IP owners to petition the government to investigate and list suspected foreign adversaries, thereby bolstering national economic security.
Key points
The US government will create and publish a list of foreign entities (from countries like China, Russia, Iran) found to be using US patents or trade secrets related to critical technology without a license.
US inventors and companies owning the IP can petition the government to investigate and list foreign entities suspected of stealing their innovations.
The law aims to strengthen US economic security and technological leadership by deterring the unauthorized use of American intellectual property.
Expired
Additional Information
Print number: 118_HR_8924
Sponsor: Rep. Kim, Young [R-CA-40]
Process start date: 2024-07-02