US Should Sanction Foreign Cos. For IP Theft, Report Says

Law360, New York (May 23, 2013, 2:03 PM EDT) -- The U.S. response to the rampant theft of American intellectual property, especially by Chinese business and governmental entities, is inadequate, and new measures such as sanctions on foreign companies that use stolen IP are needed, a bipartisan commission said Wednesday.

According to a report released by the the Commission on the Theft of American Intellectual Property, current conditions that encourage foreign companies to steal U.S. IP must be changed by making such theft unprofitable.

“IP theft needs to have consequences, with costs sufficiently high that state...
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