If passed, the IDEA Act will reauthorize a state and local law enforcement intellectual property enforcement program at $25 million per year from 2024-29. They include China, Mexico, Guatemala and Colombia — areas where IP theft against U.S. small businesses is particularly rampant. Bipartisan lawmakers from both houses of Congress have often highlighted the urgent need for targeted solutions toward IP theft. Other IDEA Act initiatives include:An IP Protection Legal Aid program to counsel and protect small business owners. "Intellectual property crimes cost American businesses hundreds of billions of dollars each year, and small businesses often lack the resources to protect themselves against foreign bad actors," said Cornyn, R-Texas.

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Persons: –, Mike Gallagher, Tammy Baldwin, John Cornyn Organizations: WASHINGTON, American IP Defense, IDEA, American Intellectual, U.S . Trade Representative, U.S, Republican, Rep, Chinese Communist Party, Justice Department, Government, Office, Joint, IDEA Act's, Texans Locations: Austin , Texas, Jackson , Mississippi, Chicago, China, Mexico, Guatemala, Colombia, Sens, America, Texas