; (3) in section 304(b) ( 15 U.S.C. 8114(b) ), by adding at the end the following: (12) Strategies to prevent unlawful taking or use of intellectual property by entities or individuals located in priority watch list countries. ; (4) in section 401(b) ( 34 U.S.C. 30103(b) )— (A) in the matter preceding paragraph (1), by striking ‘IP–TIC grants’ and inserting Intellectual Property Enforcement Program grants or IPEP grants ; (B) in paragraph (1)— (i) in the heading, by striking IP–TIC and inserting Intellectual Property Enforcement Program ; (ii) in the matter preceding subparagraph (A), by striking IP–TIC and inserting IPEP ; and (iii) by adding at the end the following: (G) Facilitate coordination between State and local law enforcement officers and prosecutors and Federal law enforcement agencies in the enforcement of Federal criminal intellectual property laws. ; (C) in paragraph (2)— (i) in the matter preceding subparagraph (A), by striking IP–TIC and inserting IPEP ; and (ii) in subparagraph (C), by striking ( 42 U.S.C. 3750 et seq. ) and inserting ( 34 U.S.C. 10151 et seq. ) ; (D) by striking paragraph (3) and inserting the following: (3) Matching funds (A) In general The Federal share of an IPEP grant may not exceed— (i) except as provided in clause (ii), 50 percent of the costs of the program or proposal funded by the IPEP grant; or (ii) 60 percent of the costs of the program or proposal funded by the IPEP grant in the case of a program or proposal that includes a focus on investigating and prosecuting intellectual property violations that involve— (I) individuals or entities located in a watch list country; (II) individuals or entities operating under the direction or influence of individuals or entities located in a watch list country