US_ GOP Lawmakers Introduce Bill to Protect US Intellectual Property From CCP

THE EPOCH TIMES

GOP Lawmakers Introduce Bill to Protect US Intellectual Property From CCP

The legislation targets foreign adversary entities that use American intellectual property related to critical or emerging technologies.

Rep. Young Kim (R-Calif.) (2nd L) speaks as (L-R) Rep. Michael McCaul (R-Texas) and Rep Claudia Tenney (R-N.Y.) listen during a news conference at the U.S. Capitol on Feb. 2, 2022. (Alex Wong/Getty Images)

By Aaron Pan
7/7/2024 Updated: 7/7/2024


Two Republican lawmakers have introduced legislation they say will help protect U.S. intellectual property (IP) from the Chinese communist regime and other adversaries.

The Protecting American Innovation and Development (PAID) Act is meant to “expose foreign adversaries illegally accessing American IP and to protect U.S. businesses’ competitiveness and our national security,” said Rep. Young Kim (R-Calif.), chairwoman of the House Foreign Affairs Subcommittee on the Indo–Pacific.

“We cannot allow authoritarian regimes like the Chinese Communist Party (CCP), North Korea, Russia, and Iran to get away with IP theft, steal U.S. trade secrets, and undermine our national security,” she said in a July 2 statement introducing the bill.

The PAID Act targets foreign adversary entities that use U.S. intellectual property related to critical or emerging technologies—such as hypersonic systems, artificial intelligence, and space technology—without a license. It requires the Secretary of Commerce to identify and report violations of these entities to Congress.

For years, the CCP has been accused of stealing IP and trade secrets from companies and institutions. The Office of the U.S. Trade Representative, in a report published in 2018, found that “Chinese theft of American IP currently costs between $225 billion and $600 billion annually.”

“Chinese Communist Party-controlled companies like Huawei illegally siphon off our technology and leave American tech companies high and dry,” said Rep. John Moolenaar (R-Mich), chairman of the House Select Committee on the Chinese Communist Party. “I’m proud to co-sponsor Rep. Kim’s bill that will push back against this theft and support the ingenuity of American tech companies.”

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