CCP IP Act

Key Points

• The bill requires the president to impose sanctions on Chinese individuals and entities that have engaged in a pattern of significant intellectual property theft from American people or companies.
• Sanctions include freezing all U.S.-based assets and property of identified Chinese IP thieves, using the same powers as emergency economic sanctions.
• Sanctioned individuals from China would be barred from entering the United States, and any existing visas they hold would be immediately revoked.
• The bill separately blocks senior Chinese Communist Party officials, their spouses and children, cabinet members, and active-duty Chinese military from getting U.S. visas, regardless of IP theft involvement.
• The president can waive sanctions on a case-by-case basis if doing so is in U.S. national security interests, and can lift sanctions entirely if a person stops engaging in IP theft.
• Within 180 days of enactment, the president must submit a report listing all individuals and entities that qualify for sanctions, and the Secretary of State must report on how well visa screening works to prevent IP theft.