Proposed: The China Technology Transfer Control Act of 2019. The U.S. Senate has introduced a new bill aimed at thwarting China’s intellectual property theft. The proposed legislation focusses on disruptive technologies. This includes quantum computing. Qubit.
Excerpts and salient points ~
• The China Technology Transfer Control Act of 2019… would place a large swath of technologies and intellectual property deemed “important to the national interest of the United States” on the Department of Commerce’s export control list, forcing American companies to obtain a special license to sell their products to China or Chinese-owned entities.
• The bill takes direct aim at technologies targeted in the Made in China 2025 plan, a 10-year strategy crafted by Beijing policymakers in 2015 to develop and promote domestic business in a number of emerging technology sectors, including artificial intelligence, quantum computing, robotics, semiconductors, lithium batteries and high-capacity computing.
• “For too long, China has exploited American innovation to undermine our values and threaten our security,” Hawley said. “This legislation is an important step toward keeping American technology out of the hands of the Chinese government and its military.”
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