Prohibition on acquisition of intellectual property rights

(a) In general No United States university, or any faculty member, staff member, or student affiliated with such university, shall enter into any contract, agreement, license, sale, transfer, or other transaction that grants, conveys, or otherwise provides a covered foreign government with any intellectual property rights in covered research. (b) Applicability The prohibition under subsection (a) shall apply to any transaction entered into on or after the date of the enactment of this Act.