Land by the Gulf Stream
- Dec 27, 2014
- Reaction score
- Best Coast Canada
- Political Leaning
- Slightly Liberal
U.S. Senate expected to pass trade secrets bill - The Globe and Mail
Thoughts are?The U.S. Senate is poised to pass a bill on Monday that would give companies greater legal protections for their commercial secrets and would allow them for the first time to sue in federal court if they are stolen.
The Defend Trade Secrets Act has significant bipartisan support with 65 cosponsors, led by Utah Republican Senator Orrin Hatch, and Delaware Democratic Senator Chris Coons.
Theft of intellectual property, including trade secrets, costs U.S. businesses more than $300-billion (U.S.) a year, according to a 2013 report by the Commission on the Theft of American Intellectual Property, which was made up of a bipartisan group of high-ranking former U.S. officials.