CCP IP Act

S. 330, the Combatting China's Pilfering of Intellectual Property Act, would authorize the President to impose sanctions on Chinese nationals, companies, and organizations that engage in a pattern of stealing intellectual property from U.S. persons. If enacted, the bill would allow the President to block assets and financial transactions of sanctioned parties and deny them entry into the United States. The bill would also restrict visa issuance to senior Chinese Communist Party officials, Politburo members, cabinet members, and active-duty People's Liberation Army personnel, along with their immediate family members. The President would retain authority to waive sanctions on a case-by-case basis if determined to be in the national security interest of the United States, and could terminate sanctions if a sanctioned person ceases intellectual property theft activities. Currently, the bill is under consideration by the Senate Committee on Small Business and Entrepreneurship, with hearings held in July 2025.