A bill to prohibit the transfer of technology developed using funding provided by the United States Government to entities of certain countries, and for other purposes.
About This Bill
Committee
Latest Action · February 2, 2012
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Prohibits a U.S. commercial entity from transferring any proprietary technology or intellectual property researched, developed, or commercialized with federal financial assistance to an entity: (1) owned or controlled by the government of a country which requires any U.S. commercial entity to transfer proprietary technology or intellectual property as a condition of doing business, or (2) in which the citizens of such a country hold 5% interests of the capital structure of that entity.
Authorizes the Secretary of Commerce to waive such prohibition if the transfer would not compromise U.S. economic interests or competitiveness.
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