Trade Secrets Bill Passes Senate in Unanimous Vote
Apr 11th, 2016 by Jessica Miles | News | Recent News & Articles |
With an 87-0 vote, the Senate approved the Defend Trade Secret Act (DTSA, S. 1890) on Monday. The bill, which was backed by the White House, amends the Economic Espionage Act of 1996 (EEA) to provide recourse for companies that experience trade secret theft.
Currently, the EEA criminalizes trade secret theft, but, according to Senate Finance Committee chair and bill co-sponsor Orrin Hatch (R-UT), relies on an overburdened Department of Justice for enforcement. Moreover, companies seeking redress must contend with a patchwork of variable state laws.
