-
President Biden Signs the Protecting American Intellectual Property Act of 2022 | Foley Hoag LLP
Critical Takeaways: The Guarding American Mental Residence Act of 2022 involves the President to report on a yearly basis to Congress foreign entities and people today who have interaction in trade key theft that poses a danger to the U.S. financial system or nationwide protection. The new regulation also calls for the President to sanction those people entities and people by imposing at least 5 of the sanctions available to the President beneath present laws. The President has discretion to impose the most onerous of those sanctions this sort of as blocking economical transactions involving the entity in the U.S. The law raises queries about how U.S. firms can report…

