H.R.3326 - Defend Trade Secrets Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Collins, Doug [R-GA-9] (Introduced 07/29/2015)|
|Committees:||House - Judiciary|
|Latest Action:||House - 10/01/2015 Referred to the Subcommittee on Courts, Intellectual Property, and the Internet. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.3326 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (07/29/2015)
Defend Trade Secrets Act of 2015
This bill amends the federal criminal code to create a private civil cause of action for trade secret misappropriation.
Specifically, the bill authorizes a trade secret owner to file a civil action in a U.S. district court seeking relief for trade secret misappropriation related to a product or service in interstate or foreign commerce. It establishes remedies, such as an injunction and damages. The statute of limitation is set at five years from the date of discovery of the misappropriation.
A trade secret owner may apply for and a court may grant a seizure order to prevent dissemination of the trade secret if the court makes specific findings, including that an immediate and irreparable injury will occur if seizure is not ordered. A court must take custody of the seized materials and hold a seizure hearing within seven days.
Any party harmed by the order may move to dissolve or modify the order and may also seek relief against the applicant of the seizure order for wrongful or excessive seizure.
The Department of Justice must submit to Congress and publish a biannual report on trade secret theft outside the United States.
The bill expresses the sense of Congress that: (1) trade secret theft occurs in the United States and around the world, (2) trade secret theft harms owner companies and their employees, and (3) the Economic Espionage Act of 1996 applies broadly to protect trade secrets from theft.