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Protecting American Trade Secrets Abroad: New Legal Reach

This act aims to strengthen the protection of American trade secrets. It allows U.S. companies to seek legal action for trade secret theft, even if the crime occurred outside the United States and was committed by foreign individuals or organizations. This measure is designed to safeguard American innovation and competitiveness in the global market.
Key points
Extends the ability to prosecute trade secret theft to conduct occurring outside the U.S. if it impacts U.S. commerce.
Allows claims against foreign individuals and organizations who are not U.S. citizens or permanent residents.
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Additional Information
Print number: 117_HR_4327
Sponsor: Rep. Obernolte, Jay [R-CA-8]
Process start date: 2021-07-01