Amendment No. 1787 to Amendment No. 1502

Floor Speech

Date: May 25, 2021
Location: Washington, DC
Issues: Trade

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Mr. DAINES. Mr. President, this amendment is called the Protecting IP Act. It is a bipartisan amendment that will help increase enforcement of the United States and China phase one trade deal.

This deal put in place important protections for America's intellectual property, the research inventions, copyrights, and more.

China has been a notorious and serial abuser of American intellectual property for decades, and that is why the phase one deal put in place a number of important safeguards. Unfortunately, China has not lived up to their end of the deal. It is critical that we hold China accountable for its commitments.

As we debate increasing investment in advanced research, we cannot look the other way and allow China to continue to steal American intellectual property. That is why I introduced this bipartisan Protecting IP amendment with Senator Cortez Masto, to ensure the President and the USTR uses all available tools to enforce the phase one agreement.

We are in a race against China and must remain globally competitive. That is why I urge my colleagues to support this commonsense and bipartisan agreement.

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