WASHINGTON, DC — July 28, 2014 —
BSA | The Software Alliance today welcomed introduction of legislation in the House of Representatives to protect commercial trade secrets from misappropriation by creating the first-ever federal civil cause of action.
“BSA strongly supports creating a federal civil remedy because it will have an important deterrent effect and provide effective recourse when trade secrets are stolen,” said BSA President and CEO Victoria Espinel. “If someone takes a thumb drive loaded with a company’s secrets, such as software code or business plans, the company needs to act as quickly as possible to recover what was stolen. But the legal avenues currently available give thieves too many ways to get away. This bill gives companies a powerful new tool to work more efficiently and effectively with courts and law enforcement.”
The Trade Secrets Protection Act of 2014 was introduced by Rep. George Holding (R-NC) and co-sponsored by bipartisan members of the House Judiciary Subcommittee on Courts Intellectual Property and the Internet, including Judiciary Committee Ranking Member John Conyers (D-Mich.), Subcommittee Chairman Howard Coble (R-NC), Subcommittee Ranking Member Jerrold Nadler (D-NY), and Reps. Hakeem Jeffries (D-NY) and Steve Chabot (R-Ohio).
“I commend Rep. Holding and members of the Subcommittee for their work on this issue,” Espinel said. “We look forward to working with them and other Members of Congress in both parties as the legislative process advances.”