Defend Trade Secrets Act
The Defend Trade Secrets Act of 2016 (DTSA) is a United States federal law that allows private companies to sue in federal court when their trade secrets have been stolen.[1] The act was signed into law by President Barack Obama on May 11, 2016.[1] Technically, the DTSA extended the Economic Espionage Act of 1996, which criminalized certain trade secret misappropriations[2] and it underscores Congress’s desire to align closely with the Uniform Trade Secrets Act, which has been adopted in some form in almost every US state.
The law also grants legal immunity to corporate whistleblowers.[2]
After its passage by the Senate, Forbes magazine called the DTSA the "Biggest Development in [Intellectual Property] in Years".[2]
External links
References
- ^ a b Korte, Gregory (May 11, 2016). "Obama signs trade secrets bill, allowing companies to sue". USA Today.
- ^ a b c Goldman, Eric (April 28, 2016). "The New 'Defend Trade Secrets Act' Is The Biggest IP Development In Years". Forbes.
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