Bipartisan legislation aimed at China would make it easier for authorities to block imports while intellectual property cases are being investigated
Several senators introduced legislation Tuesday aiming to make it easier for businesses that believe they are victims of intellectual property theft to halt imports made with their trade secrets while their allegations are being investigated.
The bill by Sen. John Cornyn and Sen. Christopher Coons would amend the Tariff Act of 1930 to create a new committee at the U.S. International Trade Commission, a federal agency that already investigates violations of U.S. intellectual property rights, such as patents and trademarks. The committee, led by the U.S. attorney general, would look into an allegation of trade theft waged by a competitor that has the backing of a foreign government. The allegation could be made by the owner of intellectual property who submits statements under oath or by the attorney general’s office itself.
The legislation sets a 30-day deadline for investigators of the claim to decide whether to halt imports while a longer review unfolds. The bill would apply to imports from any country, but backers say it comes largely in response to“Foreign governments like China make billions of dollars annually by selling goods and technology made from stolen U.S. trade secrets,” said Mr. Cornyn, who said the bill is designed to halt those profits.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China urges NATO to stop exaggerating 'China threat theory'China's mission to the European Union urged NATO on Tuesday to stop exaggerating the 'China threat theory' after the group's leaders warned that the country presented 'systemic challenges'.
Read more »
China Nuclear Plant Leak Response Evokes Chernobyl as Taishan Facility Insists It's SafeA French company that partly owns and helps operate the plant claimed the radiation limits were above French safety standards, CNN reported.
Read more »
NATO Summit: Stoltenberg says China not enemy but poses security challengesThere is no new Cold War with China but Western allies will have to adapt to the security challenges the rise of Beijing brings, Secretary General Jens Stoltenberg says ahead of Brussels summit.
Read more »
China denounces G7 statement, urges group to stop slandering countryChina denounced on Monday a joint statement by the Group of Seven leaders that had scolded Beijing over a range of issues as a gross interference in the country's internal affairs, and urged the grouping to stop slandering China.
Read more »
China reports 23 new coronavirus cases on June 13Mainland China reported 23 new COVID-19 cases on June 13, down from 34 cases a day earlier, the country's national health authority said on Monday.
Read more »
China Box Office: Sony’s ‘Peter Rabbit 2’ Opens in Second Place with $7.8MSony’s Peter Rabbit 2: The Runaway opened to strong reviews in China over the weekend, but it proved the tortoise in the local box office race, finishing in second behind Chinese sports drama…
Read more »