Rep. Nadler Praises Passage of the Defend Trade Secrets Act

Statement

Congressman Jerrold Nadler (NY-10), Ranking Member of the House Judiciary Subcommittee on the Courts, Intellectual Property and the Internet, praised today's passage by the House Judiciary Committee of S. 1890, the Defend Trade Secrets Act. Rep. Nadler was the lead Democratic cosponsor of H.R. 3326, the House companion to the bill.

"I am pleased that the Judiciary Committee today passed the Defend Trade Secrets Act, and I was proud to be the lead Democratic cosponsor of the House companion bill," said Congressman Nadler. "As the United States continues to grow into a knowledge- and service-based economy, trade secrets are increasingly becoming the foundation of businesses across the country. Unfortunately, with such fortunes resting on trade secrets, theft of this valuable intellectual property is inevitable. And in today's digital environment, it has never been easier to transfer trade secrets across the globe with the click of a cell phone, tablet, or computer key. However, our current framework of federal criminal laws and state civil remedies has proven inadequate. The Defend Trade Secrets Act would create a uniform federal civil cause of action for misappropriation of trade secrets. This is strong legislation that carefully balances the rights of defendants and the needs of American businesses to protect their most valuable assets."

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