H.R. 8924, also known as the "Protecting American Innovation and Development Act of 2024" (PAID Act of 2024), aims to enhance transparency in the use of critical and emerging technologies by foreign adversaries without a license. The bill requires the Secretary of Commerce to...
Simple Explanation
The PAID Act of 2024 is a rule that asks the government to find and check if other countries are using American inventions without asking and to help protect these inventions from being used unlawfully.