S.2063 - A bill to prohibit the transfer of technology developed using funding provided by the United States Government to entities of certain countries, and for other purposes.112th Congress (2011-2012)
|Sponsor:||Sen. Webb, Jim [D-VA] (Introduced 02/02/2012)|
|Committees:||Senate - Commerce, Science, and Transportation|
|Latest Action:||Senate - 02/02/2012 Read twice and referred to the Committee on Commerce, Science, and Transportation. (All Actions)|
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Summary: S.2063 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in Senate (02/02/2012)
Prohibits a U.S. commercial entity from transferring any proprietary technology or intellectual property researched, developed, or commercialized with federal financial assistance to an entity: (1) owned or controlled by the government of a country which requires any U.S. commercial entity to transfer proprietary technology or intellectual property as a condition of doing business, or (2) in which the citizens of such a country hold 5% interests of the capital structure of that entity.
Authorizes the Secretary of Commerce to waive such prohibition if the transfer would not compromise U.S. economic interests or competitiveness.