S.330 - Combatting China’s Pilfering of Intellectual Property Act; CCP IP Act (119th Congress)
Summary
The "Combatting China's Pilfering of Intellectual Property Act" (CCP IP Act) aims to impose sanctions on individuals and entities operating within the People's Republic of China that engage in or benefit from the theft of intellectual property belonging to United States persons. Sanctions include asset blocking and visa restrictions. The bill also restricts visas for senior Chinese Communist Party officials and members of the People's Liberation Army.
Expected Effects
The Act could deter intellectual property theft from US entities by Chinese entities. It may strain diplomatic relations between the United States and China. The Act could also impact trade and economic cooperation between the two countries.
Potential Benefits
- Protection of American intellectual property rights.
- Deterrence of economic espionage and theft.
- Potential increase in competitiveness for American businesses.
- Strengthening of national security by protecting sensitive technologies.
- Promotion of fair trade practices.
Potential Disadvantages
- Potential for retaliatory actions from China, harming American businesses operating there.
- Increased tensions in US-China relations.
- Possible negative impact on global trade and economic stability.
- Difficulty in accurately determining and proving intellectual property theft.
- Risk of unintended consequences due to broad sanctions.
Most Disadvantaged Areas:
Constitutional Alignment
The bill aligns with the constitutional power of Congress to regulate commerce with foreign nations (Article I, Section 8, Clause 3). It also relates to the President's power to conduct foreign policy. However, the broad scope of sanctions and visa restrictions could raise concerns about due process and potential overreach, requiring careful implementation to avoid infringing on individual rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).