Madam Speaker, I yield myself such time as I may consume. Madam Speaker, I rise today in support of S. 1294, the Protecting American Intellectual Property Act of 2021. The United States of America has the most innovative people, researchers, and companies in the world. In the depths of the pandemic, American government research institutes partnered with private sector companies to create the world's best vaccines. These miracles of modern medicine have saved millions of lives here at home and tens of millions of people around the world. From weapons systems to enterprise software and semiconductor design to smart phones, America is at the leading edge of the technological frontier. Innovation is crucial to our health, our wealth, and our security. But many of the benefits we reap from research and development go out the window if thieves can literally steal our intellectual property without cost or consequence. While trade remedies and criminal statutes can be applied to intellectual property theft, they have proven incapable of stemming the flow of digital hacks and in-person espionage against our Nation. We need a true systemic deterrent, and this legislation is a crucial part of the solution. By creating an authorized and codified sanctions regime for intellectual property violators, we are letting the world know that would-be hackers, digital pickpockets, and copycats of the world know that their actions will draw a forceful response from the United States Government.…
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Madam Chair, I claim the time in opposition to this amendment. The CHAIR. The gentleman from New York is recognized for 5 minutes.





