This bill authorizes the President to impose sanctions on Chinese individuals and entities that steal or receive stolen American intellectual property. The sanctions include freezing U.S. assets, blocking financial transactions, and denying visas or entry to the United States. The legislation targets Chinese nationals, Chinese-controlled companies, and individuals acting at the direction of Chinese entities involved in intellectual property theft. Additionally, the bill restricts visas for senior Chinese Communist Party officials, government cabinet members, military officers, and their immediate family members, though the President can waive these restrictions if China certifies it has stopped supporting IP theft efforts. The President must report to Congress within 180 days identifying persons meeting the sanctions criteria, and the Secretary of State must submit a separate report on visa screening effectiveness and provide a list of research institutions linked to Chinese military and intelligence agencies. Sanctions can be lifted if the President determines a sanctioned person has stopped stealing American intellectual property.
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