Extending US Law to Protect Trade Secrets Stolen Abroad.
This law strengthens the protection of American companies' innovations and intellectual property. It allows the pursuit of legal action against the theft of trade secrets, even if the crime occurs entirely outside the United States, provided it impacts U.S. commerce. The goal is to protect the competitiveness of the U.S. economy from foreign entities, indirectly supporting domestic jobs and economic stability.
Key points
Expanded Jurisdiction: Theft of trade secrets committed abroad that harms U.S. businesses will now fall under U.S. law.
Protecting Innovation: Provides companies with the ability to seek justice when their critical technologies are stolen by foreign organizations or individuals, regardless of their location.
Trade Support: The change aims to safeguard U.S. commerce and the economy against unfair international competition.
Expired
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