This legislation mandates that any entity maintaining an internet website or distributing a mobile application that stores collected user information within the People's Republic of China must provide clear and conspicuous disclosures to its users. These disclosures must explicitly state that user data is stored and maintained in China. Additionally, the bill requires these entities to disclose whether the Chinese Communist Party or a Chinese State-owned entity has access to the stored information. Knowingly providing false information in these disclosures is prohibited, and the Federal Trade Commission is tasked with enforcing these provisions, treating violations as unfair or deceptive acts.