Washington, DC – Today, U.S. Representative Young Kim (CA-40), who serves as Chairwoman of the House Foreign Affairs Subcommittee on the Indo-Pacific, and Select Committee on the Chinese Communist Party Chairman John Moolenaar (MI-02) introduced the Protecting American Innovation and Development (PAID) Act to hold foreign adversaries accountable for stealing American intellectual property (IP), violating the law, and undermining U.S. businesses, national security, and global competitiveness.
The PAID Act requires the Secretary of Commerce to identify and report on foreign adversary entities, including those affiliated with the Chinese Communist Party (CCP), Russia, North Korea, and Iran, using American IP related to a critical or emerging technology area, including hypersonic systems, artificial intelligence, and space technology, without a license.
Every year, the CCP steals up to $600 billion worth of U.S. IP and trade secrets.
“We cannot allow authoritarian regimes like the CCP, North Korea, Russia, and Iran to get away with IP theft, steal U.S. trade secrets, and undermine our national security,” said Rep. Young Kim. “That’s why I’m leading the PAID Act to expose foreign adversaries illegally accessing American IP and to protect U.S. businesses’ competitiveness and our national security.”
“Chinese Communist Party-controlled companies like Huawei illegally siphon off our technology and leave American tech companies high and dry. I’m proud to cosponsor Rep. Kim’s bill that will push back against this theft and support the ingenuity of American tech companies,” said Chairman Moolenaar.
The PAID Act would boost public transparency regarding foreign adversary entities violating U.S. IP regulations by:
- Allowing the End-User Review Committee, who makes decisions related to export controls, to identify a foreign adversary entity using a patented invention or covered trade secret without a license acquired through improper means such as theft, bribery, and espionage;
- Demanding the Secretary to publish a notice on such foreign adversary entities identified by the End-User Review Committee in the Federal Register;
- Allowing Americans to submit a petition requesting the End-User Review Committee to investigate and determine whether a foreign adversary entity is in violation; and,
- Requiring the Secretary to submit to Congress a report listing all foreign adversary entities violation.
Read the bill HERE.
