PAID Act of 2024

The PAID Act of 2024 requires the U.S. government to publicly list foreign entities from designated adversary countries (including China, Russia, Iran, and others) that are using American patents or trade secrets related to critical technologies without authorization. U.S. owners of such intellectual property can petition the government to investigate and identify an entity, with a 90-day deadline for a decision. The government must publish the list in the Federal Register, and entities can be removed if they secure a license or agreement with the IP owner. This law increases transparency about foreign use of U.S. technology without permission, focusing on critical and emerging fields.