“The U.S. Senate on Monday approved legislation to give companies greater legal protections for their commercial secrets and allow them for the first time to sue in federal court if they are stolen,” Richard Cowan and Andrew Chung report for Reuters. “The Defend Trade Secrets Act passed 87-0, amid strong White House backing.”
“Supporters hope the unanimous vote will boost the bill’s prospects in the House of Representatives,” Cowan and Chung report. “‘Some thieves would rather not go through the trouble of developing products themselves; they’d rather just steal the fruits of others’ creativity,’ Senate Majority Leader Mitch McConnell said in urging passage of a bill he argued would ‘help protect American innovation.'”
“The bill has received support from a wide array of companies, including Boeing Co and Johnson & Johnson, and trade groups such as the Biotechnology Industry Organization, the U.S. Chamber of Commerce, and a software lobby whose members include Apple Inc,” Cowan and Chung report. “The legislation would give companies the right to sue in federal court to recover damages, enforce injunctions and prevent the further dissemination of stolen trade secrets.”
Read more in the full article here.
MacDailyNews Take: The House should act quickly to pass its version of this bill.