To prohibit certain foreign governments from acquiring intellectual property rights of research conducted by United States universities, faculty, staff, or students, and for other purposes.

Key Provisions

• Bans U.S. universities and their researchers from transferring ownership of their research to certain foreign governments.
• Defines "prohibited nations" to include Russia, China, Iran, and others deemed a national security threat by the Secretary of State.
• Sets civil fines up to $500,000 for each violation that does not endanger national security.
• Sets civil fines up to $5,000,000 for each violation that endangers national security, especially for critical energy or defense research.
• Allows the government to seize any money received by a university from a prohibited transaction.
• Gives the Secretary of State the final say on which nations are prohibited and if a violation threatens national security.