This bill, known as the "Combatting China's Pilfering of Intellectual Property Act," aims to impose sanctions on individuals and entities operating within the People's Republic of China's economy that engage in or benefit from significant intellectual property theft from United States persons. The President is mandated to implement these sanctions, which include asset blocking under the International Emergency Economic Powers Act. These measures target those determined to have a pattern of significant IP theft or to have received stolen IP. Further sanctions involve making such individuals ineligible for U.S. visas, admission, or parole , and mandating the revocation of any existing visas. The bill defines targeted persons as Chinese nationals or entities organized under Chinese law, or owned/controlled by Chinese nationals or entities, who are not U.S. persons. The President retains the authority to waive or terminate these sanctions under specific national security or compliance conditions, with congressional notification. Beyond IP theft-specific sanctions, the bill also imposes broader visa restrictions on certain categories of Chinese individuals. These include senior officials of the Chinese Communist Party , their spouses and children, members of the Chinese government cabinet, and active-duty members of the People's Liberation Army. The Secretary of State is also required to report on visa screening efficacy regarding IP theft and list research institutions linked to the PLA and Ministry of State Security.