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BSA Welcomes Introduction of Hatch-Coons Trade Secrets Bill

WASHINGTON, DC — April 29, 2014

BSA | The Software Alliance today applauded Sens. Orrin Hatch (R-Utah) and Chris Coons (D-Del.) for introducing legislation to combat the theft of corporate trade secrets.

“I commend Senators Hatch and Coons for introducing the Defend Trade Secrets Act. There is a clear need for legislative action: trade secret theft costs the United States hundreds of billions of dollars a year,” said BSA President and CEO Victoria Espinel. “Current federal law is insufficient. There needs to be a uniform federal standard with a well-balanced private right of action that allows trade secret owners to sue when their intellectual property is misappropriated. We look forward to working with Senators Hatch and Coons on this issue as the legislative process advances.”

 

About BSA

BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that spark the economy and improve modern life. With headquarters in Washington, DC, and operations in more than 60 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.
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