6 Big Problems With Federalizing Trade Secrets Law

By Bill Donahue (September 12, 2014, 7:06 PM EDT) -- Congress is poised to move forward with legislation that would create a federal private cause of action for trade secrets theft, but not everyone is happy with the idea.

That legislation is the U.S. House of Representatives' Trade Secrets Protection Act and the U.S. Senate's Defend Trade Secrets Act, and, unlike the several previous attempts at federalizing trade secrets, the newest bills have a real shot at making it through.

Buoyed by high-profile overseas thefts, the companion bills have support on both sides of the political aisle, unlike their previous iterations. And they're being pushed vocally this time around by huge companies...

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