How do I copy the values of one field collection field to another content type with the same field collection? I have one content type with a multi-value field collection entity on it.

On the event that this content type is flagged I would like to fire a rule that will create a new piece of content and copy all of the field collection lines to the same field collection type on the new content type.

The rule I have included bellow fires and creates the new content however the field collection is not copied.

{ "rules_generate_pal" : {
"LABEL" : "Generate PAL",
"PLUGIN" : "reaction rule",
"REQUIRES" : [ "rules", "flag" ],
"ON" : [ "flag_flagged_generate_pal" ],
"IF" : [
  { "entity_has_field" : {
      "entity" : [ "flagged-node" ],
      "field" : "field_project_personnel_needed"
    }
  }
],
"DO" : [
  { "entity_create" : {
      "USING" : {
        "type" : "node",
        "param_type" : "project_activity_log",
        "param_title" : "[site:current-date]",
        "param_author" : [ "flagging-user" ]
      },
      "PROVIDE" : { "entity_created" : { "entity_created_pal" : "Created PAL" } }
    }
  },
  { "drupal_message" : { "message" : "BOOM!" } },
  { "LOOP" : {
      "USING" : { "list" : [ "flagged-node:field-project-personnel-needed" ] },
      "ITEM" : { "list_item" : "Current list item" },
      "DO" : [
        { "list_add" : {
            "list" : [ "entity-created-pal:field-project-personnel-needed" ],
            "item" : [ "flagged-node:field-project-personnel-needed:0" ]
          }
        }
      ]
    }
  }
]


}
}
I have used the "set data value" action in Rules to make one field collection equal another field collection. It just dumps the whole field collection in at once, so you don't have to loop through each item one at a time.