Zero Tolerance for Electronics Theft Act or the ZTE Theft Act
This bill requires certain telecommunications, software, or electronics companies headquartered in China that had previously been denied export privileges to certify to the Department of Justice that it will abide by all U.S. laws, not engage in cyber espionage, and not infringe intellectual property, to be eligible for such privileges. It also requires such a company to establish with the Department of the Treasury a $2.5 billion account to pay any patent infringement judgments against it.
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