President Signs Theft of Trade Secrets Clarification Act

From the U.S. Intellectual Property Enforcement Coordinator …
Sent Sunday, December 30, 2012 9:31 PM …

On Friday, December 28, President Obama signed the Theft of Trade Secrets Clarification Act of 2012.

The law was first introduced as S. 3642 by Chairman Leahy of the Senate Judiciary Committee in response to a decision of the Second Circuit Court of Appeals in United States v. Aleynikov, in which the court overturned a jury verdict in a case involving the theft of valuable source code. The law clarifies the language of the Economic Espionage Act so that trade secret thieves can no longer take advantage of a loophole in the Act. This statutory change is in line with the objectives of the Administration’s Intellectual Property Enforcement Strategy and priority focus on combating trade secret theft.

Happy New Year, and I look forward to continuing to work together in 2013.

Best wishes,
Victoria

Victoria Espinel
U.S. Intellectual Property Enforcement Coordinator
Executive Office of the President

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