It is the sense of Congress that—
(1)
the United States global leadership position has benefitted immeasurably from the public and private sector’s unparalleled track record of fostering an environment capable of marshaling capital, developing new technologies, and producing new innovations;
(2)
the changing nature of the world economy, with ever more globalization and increasing returns to scale on new technologies, has made it more important than ever to stay on the cutting edge of the technological frontier;
(3)
the People’s Republic of China continues to be a leading violator of intellectual property rights in the world as documented by the United States Trade Representative’s 2021 Special 301 Report, and estimates place the cost of intellectual property theft by China of between $200 and $600 billion per year;
(4)
the growing scope of research dollars per innovative discovery make the harms and costs of intellectual property theft more acute now than any time in history;
(5)
the importance of protecting the intellectual property of United States technology and telecommunications firms is of paramount importance to the dynamism and resilience of the United States economy and the preservation of United States national security; and
(6)
United States national security is threatened by widespread intellectual property theft, and it is crucial that the United States Government, in coordination with the private sector, act to curtail thieves of American ingenuity.