Senate Passes Bill To Crack Down On Smuggling Of U.S. Chips To China

The law would require that whistleblowers who provide original information that leads to the imposition of fines on offenders would be eligible for between 10 percent and 30 percent of the fines collected, with exceptions for known terrorists and criminals and federal workers operating within the extent of their employment.

Whistleblowers should receive status updates every 30 days, and credible reports should result in formal inquiries within 60 days.

Any remaining money from the fines would be remitted to the U.S. Treasury, the report states.

This comes after President Donald Trump’s high-stakes summit in China earlier this month.

Trump announced that Chinese President Xi Jinping agreed to purchase 200 Boeing jets during their high-level meeting in Beijing.