This legislation amends title 35 of the United States Code to mandate new disclosure requirements for patent applications, aiming to identify foreign adversary ties. It requires applicants to disclose the identity of any person with an ownership interest in the claimed invention who, in the past five years, was employed by an adversary-controlled entity, received funding from state-affiliated programs, or obtained other financial incentives from a foreign adversary. The designated foreign adversaries include the People's Republic of China , Cuba, Iran, North Korea, and the Russian Federation. The Director of the United States Patent and Trademark Office (USPTO) may request confidential true copies of related contractual or financial obligations, with an exemption provided for certain small business concerns .