To prohibit the transfer of technology developed using funding provided by the United States Government to entities of certain countries, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. PROHIBITION ON TRANSFER OF PROPRIETARY TECHNOLOGY AND INTELLECTUAL PROPERTY DEVELOPED WITH FUNDING PROVIDED BY THE UNITED STATES GOVERNMENT TO ENTITIES OF CERTAIN COUNTRIES.
(a) In General.--Notwithstanding any other provision of law, a United States commercial entity may not transfer to any entity described in subsection (b) any proprietary technology or intellectual property that was researched, developed, or commercialized using a contract, grant, loan, loan guarantee, or other financial assistance provided or awarded by the United States Government. (b) Entities Described.-- (1) In general.--An entity described in this subsection is an entity-- (A) owned or controlled by the government of a country described in paragraph (2); or (B) in which citizens of such a country hold interests representing at least 5 percent of the capital structure of the entity. (2) Countries described.--A country described in this paragraph is a country in which, by law, practice, or policy, any United States commercial entity is required to transfer proprietary technology or intellectual property as a condition of doing business in that country. (c) Waiver.--The Secretary of Commerce may waive the prohibition in subsection (a) with respect to a transfer of proprietary technology or intellectual property if the Secretary determines that the transfer would not compromise the...