House Sends Trade Secrets Bill to President
The House passed S. 1890, the Defend Trade Secrets Act of 2016, sending the bill to President Barack Obama for signature (here). The legislation creates a private civil cause of action for misappropriation of trade secrets related to products or…
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services in foreign or interstate commerce, according to the bill summary (here). If enacted, the legislation would require the Attorney General to consult with the Intellectual Property Enforcement Coordinator, as well as the Undersecretary of Commerce for Intellectual Property/Director of the U.S. Patent and Trademark Office, and other relevant agency heads, to submit to the House and Senate Judiciary committees a report that covers the scope of overseas theft of U.S. companies’ trade secrets, and details progress made to protect against foreign theft of U.S. company trade secrets, among other things. The reports would be due one year after the bill’s enactment, and biannually every year after.