1. Short title This Act may be cited as the Promoting and Respecting Economically Vital American Innovation Leadership Act or the PREVAIL Act . 2. Findings Congress finds the following: (1) The patent property rights enshrined in the Constitution of the United States provide the foundation for the exceptional innovation environment in the United States. (2) Reliable and effective patent protection encourages United States inventors to invest their resources in creating new inventions. (3) United States inventors have made discoveries leading to patient cures, positive changes to the standard of living for all people in the United States, and improvements to the agricultural, telecommunications, and electronics industries, among others. (4) The United States patent system is an essential part of the economic success of the United States. (5) Reliable and effective patent protection improves the chances of success for individual inventors and small companies and increases the chances of securing investments for those inventors and companies. (6) Intellectual property-intensive industries in the United States— (A) generate tens of millions of jobs for individuals in the United States; and (B) account for more than 1/3 of the gross domestic product of the United States. (7) The National Security Commission on Artificial Intelligence has emphasized that— (A) the People’s Republic of China is leveraging and exploiting intellectual property as a critical tool within its national strategies for emerging technologies