I call this hearing to order.

China has been trying now for decades to unseat America as the world's innovation superpower.

Innovation is a key driver for our competitiveness and our national security.

America's leadership on the global stage depends on our ability to foster and protect innovation and creativity, both at home and abroad.

I worry that China and other adversaries and competitors will exploit our system for their advantage.

I'm concerned that a country like China that has a coordinated, focused, nationally funded IP strategy can exploit the fact that there's no standing requirement in inter partes review in PTAB to swamp it, with basically unlimited resources.

The threats to our economic leadership and our innovation ecosystem aren't just from China.

These counterfeit products can be unsafe and harm consumers.

More than a decade after the Supreme Court waded into patent eligibility law, confusion reigns about what areas of innovation are still eligible for patent protection.

Yes, I would encourage a standing requirement.

I've worked on the SECRETS Act with Senator Cornyn, to help prevent goods made with stolen trade secrets from entering our market.

Finding some way to impose sustained costs on the beneficiaries of IP theft is something I suspect all of you would recommend.