To control the export to the People's Republic of China of certain technology and intellectual property important to the national interest of the United States, and for other purposes.

Referred to the Committee on Foreign Affairs, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bill 119 hr 1122, also known as the "Export Control Act of 2021," aims to regulate the export of certain technology and intellectual property to the People's Republic of China. The bill is designed to protect the national interests of the United States by preventing the transfer of sensitive information that could potentially be used against the US.

The legislation includes provisions that require companies to obtain a license before exporting certain technologies to China. This is intended to ensure that the US government has oversight and control over the transfer of critical technologies that could pose a threat to national security.

Additionally, the bill includes measures to strengthen enforcement mechanisms and penalties for violations of export control laws. This is meant to deter companies from engaging in illicit transfers of technology and intellectual property to China. Overall, Bill 119 hr 1122 is aimed at safeguarding US interests and preventing the unauthorized transfer of sensitive technologies to China. It underscores the importance of protecting national security and ensuring that the US remains at the forefront of technological innovation.