,i #aafth ,,congress #ast ,session ,h4 ,r4 #ijb ,,in ,,the ,,house ,,of ,,representatives ,january #cj1 #bjai,mr4 ,king of ,iowa introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to direct the ,president to impose duties on merchandise from the ,people's ,republic of ,china to compensate holders of ,united ,states intellectual property rights for losses resulting from violations of such intellectual property rights in ,china1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,protect ,american ,,ipr ,act4 #b4 ,study and report on violations of ,united ,states intellectual property rights in ,china or by ,chinese persons 7a7 ,study ,the ,united ,states ,trade ,representative1 in consultation with the ,united ,states ,international ,trade ,commission1 shall conduct an annual study to determine the estimated annual loss of revenue to holders of ,united ,states intellectual property rights as a result of direct or indirect violations of such intellectual property rights in the ,people's ,republic of ,china or by any ,chinese person1 including governmental entities of ,china1 in the preceding calendar year4 7b7 ,report ,not later than #abj days after the date of the enactment of this ,act1 and annually thereafter1 the ,united ,states ,trade ,representative shall submit to ,congress a report that contains the results of the study conducted pursuant to subsection 7a74 #c4 ,imposition of duties on merchandise from ,china and distribution of proceeds of such duties to holders of certain ,united ,states intellectual property rights ,notwithstanding any other provision of law1 the ,president1 acting through the ,united ,states ,trade ,representative1 shall impose duties on merchandise originating from ,china in an amount equivalent to-- 7#a7 the estimated total loss of revenue to holders of ,united ,states intellectual property rights as a result of violations of such intellectual property rights in ,china during the previous calendar year1 as determined by the study conducted pursuant to section #b7;a71 reduced by 7#b7 the total amount of any tariffs collected1 pursuant to section #cja of the ,trade ,act of #aigd 7#ai ,u4,s4,c4 #bdaa7 or any other provision of law authorizing the ,president to act to safeguard intellectual property rights1 with respect to such violations in such previous calendar year4 #d4 ,compensation for losses borne by holders of ,united ,states intellectual property rights 7a7 ,establishment of trust fund ,there is established in the ,treasury of the ,united ,states a trust fund1 to be known as the ,american ,,ipr ,trust ,fund 7in this section referred to as the ,trust ,fund71 consisting of such amounts as may be deposited to the ,trust ,fund pursuant to subsection 7b7 to be used1 in accordance with subsection 7c71 for the purpose of compensating the injury to holders of ,united ,states intellectual property rights resulting from violations of such intellectual property rights in ,china or by any ,chinese person1 including governmental entities of ,china4 7b7 ,funding ,the ,commissioner of ,u4,s4 ,customs and ,border ,patrol shall deposit into the ,trust ,fund any amounts collected from duties imposed pursuant to section #c1 which shall remain available until expended for the purpose described in subsection 7a74 7c7 ,distribution of ,funds 7#a7 ,in general ,from amounts in the ,trust ,fund1 the ,commissioner of ,u4,s4 ,customs and ,border ,patrol shall make payments annually to each person the ,commissioner determines1 with respect to the preceding calendar year-- 7,a7 was-- 7i7 if an individual1 a citizen or legal permanent resident of the ,united ,states2 or 7ii7 if an entity1 organized under the laws of the ,united ,states or any subdivision of the ,united ,states2 7,b7 held the rights to intellectual property under the laws of the ,united ,states2 and 7,c7 can establish quantifiable losses resulting from the violation1 directly or indirectly1 of such rights in ,china or by any ,chinese person1 including governmental entities of ,china1 during such year4 7#b7 ,maximum payment ,the ,commissioner may not make a payment under this subsection to any person for any year in an amount that is greater than the amount of the loss described in paragraph 7#a77;,c7 established with respect to such person in such year4 7d7 ,consultation ,the ,commissioner shall consult with the ,united ,states ,trade ,representative and the ,secretary of ,commerce in issuing such regulations as may be necessary to carry out this ,act4