Thom Tillis actually said...

a strong, reliable, and predictable IP right is paramount to incentivizing U.S. innovation and creativity.

I can tell you that the lack of certainty and the risk of having your IP rights stripped has an absolute chilling effect on businesses.

I think if you were to eliminate those, you would open a wide door of intellectual property theft.

the most notable threat, of course, is the Chinese Communist Party.