To direct the President to impose duties on merchandise from the People's Republic of China in an amount equivalent to the estimated annual loss of revenue to holders of United States intellectual property rights as a result of violations of such intellectual property rights in China, and for other purposes.

This bill directs the U.S. Trade Representative (USTR) to report to Congress annually on the estimated annual loss of revenue to holders of U.S. intellectual property rights as a result of intellectual property rights violations in China.

The USTR must : (1) impose duties on merchandise from China in an amount equivalent to the estimated annual loss of revenue to holders of U.S. intellectual property rights as a result of such violations, and (2) distribute the proceeds of such duties to such U.S. intellectual property rights holders on a proportional basis.