U.S. Senators Propose Legislation To Strengthen Federal Criminal Trade Secret Laws

Senators Sheldon Whitehouse (D-R.I.) and Lindsey Graham (R-S.C.) recently proposed a draft discussion bill to amend the federal Economic Espionage Act and enhance criminal trade secret protections.  

The amendments would expand the Economic Espionage Act to expressly cover trade secret misappropriation sponsored by foreign governments and theft taken at their request, provide victims with additional procedures to protect their trade secrets in court, protect “strategies” and “negotiating positions” as trade secrets, prohibit hacking of U.S. assets by computers used abroad, and add trade secret theft as a predicate for a RICO claim.

To read this blog post click here