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China Technology Transfer Control Act of 2023
12/21/2024, 9:05 AM
Summary of Bill HR 2594
The key provisions of the bill include the establishment of a Technology Transfer Control Office within the Department of Commerce, which would be responsible for overseeing and regulating technology transfers to China. The bill also calls for the creation of a list of sensitive technologies that would require a license for transfer to China, as well as the implementation of stricter export controls for certain categories of technology.
Additionally, the bill includes measures to enhance enforcement mechanisms and penalties for violations of the technology transfer regulations. This includes increased fines and potential criminal penalties for individuals or companies found to be in violation of the law. Overall, the China Technology Transfer Control Act of 2023 aims to strengthen US controls over the transfer of sensitive technology to China in order to protect national security interests and prevent the unauthorized transfer of technology that could be used for malicious purposes.
Congressional Summary of HR 2594
China Technology Transfer Control Act of 2023
This bill controls exports of certain national interest technology and intellectual property to China.
Specifically, covered technology or intellectual property includes items that (1) would contribute significantly to the Chinese military to the detriment of U.S. national security, (2) are included in a designated list of product components compiled by the U.S. Trade Representative (USTR), or (3) are used by China to violate human rights or religious liberties.
The President must control exports to China of any covered technology or intellectual property. Further, the President must sanction (1) a foreign person who sells to China or purchases from China any covered item, and (2) a Chinese person who knowingly uses a covered item provided to them in violation of U.S. export control law.
In addition to a specified list of industries subject to the bill, the USTR must identify certain products from China that either receive designated support from the Chinese government or are used by China to violate human rights or religious liberties.
