House Approves Leahy Bill to Address Trade Secret Theft
WASHINGTON (Wednesday, December 19, 2012) -- The House of Representatives late Tuesday overwhelmingly approved legislation authored by Judiciary Committee Chairman Senator Patrick Leahy (D-Vt.) to address the theft of trade secrets. The bill clarifies the scope of the Economic Espionage Act (EEA), in response to a recent Second Circuit decision that interpreted the law narrowly. It makes clear that the EEA protects all trade secrets related to a product or service used in interstate commerce, strengthening an important protection for American businesses. The Senate passed this legislation last month by unanimous consent, and with the House action Tuesday, the measure now goes to the White House for signature.
Leahy said “This legislation makes a straightforward but important fix to ensure that American firms can protect the products they work so hard to develop, so they can continue to grow and thrive. I am pleased that, with the President’s signature after the convincing vote in the House today, we will ensure that our federal prosecutors have the tools they need to address the theft of trade secrets.”
# # # # #
David Carle: 202-224-3693
Next Article Previous Article