This bill prohibits the U.S. Patent and Trademark Office from issuing patents to entities identified as national security threats, specifically targeting Chinese military companies and telecommunications equipment providers listed by federal agencies. The legislation makes any patents already issued to these entities unenforceable and blocks expedited patent review procedures for them, though affected companies can still file patent applications and have them examined normally. The President can waive these restrictions for periods of up to 180 days at a time if deemed necessary for national security, but must notify Congress at least 30 days in advance with detailed justification. The bill primarily affects Chinese military-industrial companies on Treasury Department sanctions lists, Chinese military companies identified in annual defense reports, and foreign telecommunications firms on the Federal Communications Commission's restricted equipment list. No specific funding or implementation timeline is specified in the legislation beyond the presidential waiver renewal periods.
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