Senate Bill Would Sanction People, Companies Guilty of 'Serial' US IP Theft

Sens. Ben Sasse, R-Neb., and Chris Van Hollen, D-Md., introduced legislation to sanction people or companies that “enable the significant and serial theft” of U.S. intellectual property. The bill would authorize blocking measures and asset freezes and allow the president to include an entity on the Commerce Department’s denied persons list. “This bipartisan legislation will help end foreign theft of innovative technologies invented in the United States and will send a strong signal to bad actors across the globe,” Van Hollen said Thursday. The U.S. should “stop leaving an open door for China and other adversaries to steal," IP said Sasse.