1. Short title This Act may be cited as the Combatting China’s Pilfering of Intellectual Property Act or the CCP IP Act . 2. Imposition of sanctions related to the theft of intellectual property (a) In general The President shall impose the sanctions described in subsection (b) with respect to each person described in subsection (c) the President determines, on or after the date of enactment of this Act, operates in a sector of the People’s Republic of China’s economy in which the person— (1) has engaged in a pattern of significant theft of the intellectual property of a United States person; or (2) has received the intellectual property of a United States person through a pattern of significant theft engaged in by other persons. (b) Sanctions imposed The sanctions described in this subsection are the following: (1) Asset blocking The exercise of all powers granted to the President by the International Emergency Economic Powers Act ( 50 U.S.C. 1701 et seq. ) to the extent necessary to block and prohibit all transactions in all property and interests in property of a person described in subsection (a) if such property and interests in property are in the United States, come within the United States, or are or come within the possession or control of a United States person. (2) Aliens ineligible for visas, admission, or parole (A) Visas, admission, or parole An alien described in subsection (a) is— (i) inadmissible to the United States; (ii) ineligible to receive a visa or other documentation to enter the United States