There are 318.9 million people in the United States and their collective creativity is one of the most economically beneficial assets in the country.
That collective creativity, when funneled into a commercial purpose is called intellectual property (IP). Just as valuable as physical property, the protections of IP, called intellectual property law, help to fuel innovations in the United States. With these protections, inventors and creators feel confident manufacturing and sharing their ideas with the world.
While this system has worked reasonably well for the last 200 years, the rapid pace of technology—and those who exploit its weaknesses—has made intellectual properly more vulnerable to compromise than ever.
There currently exists a contract between the U.S. and Chinese governments (the latter an ever-present threat to U.S. IP). Ideally, this contract is supposed to stanch the unauthorized and illegal flood of IP to China and minimize the billions of dollars lost to these sanctioned cyber security attacks.