House Committee on Small Business Seeks Insight into DOJ's Efforts to Combat Chinese Intellectual Property Theft

Strategic Insights -

As the Committee on Small Business seeks to protect American innovation and national security assets, Chairman Roger Williams and Chairman Mike Gallagher, alongside all Members of the House Committee on Small Business and the Select Committee on the Chinese Communist Party, have signed a letter to Attorney General Merrick Garland, requesting a detailed briefing on the Department's efforts to combat Chinese intellectual property theft. This effort comes after estimating Chinese intellectual property theft to cost the taxpayer $600 billion per year, with small businesses being the front lines of the economic war waged by the Chinese Communist Party against America.

Key Takeaways:

  • The House Committee on Small Business has issued a letter to Attorney General Merrick Garland seeking insight into the DOJ's efforts to combat Chinese intellectual property theft.
  • The estimated cost of Chinese intellectual property theft to the taxpayer is $600 billion per year.
  • Small businesses are vulnerable to the intellectual property theft of cutting-edge technologies, with the Chinese Communist Party being the primary source of this threat.
  • Chairmen Williams and Gallagher look to work with their colleagues to protect American small businesses and hold China accountable for their crimes.
  • The Committee has requested a detailed briefing on the Department's efforts to protect American small businesses by June 30th.
  • The Select Committee on the Chinese Communist Party is also involved in the letter, with all Members signing the request for the briefing.
  • The briefing will aim to discuss measures in place to protect American businesses from the CCP's intellectual property theft and economic coercion.

Statistics:

  • Estimated annual cost of Chinese intellectual property theft: $600 billion
  • Number of Members from the House Committee on Small Business and the Select Committee on the Chinese Communist Party signing the letter: All Members

Sources:

  • U. S. House Committee on Small Business: [1]