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5 Things To Know About The Defend Trade Secrets Act

Law360, New York (April 27, 2016, 8:46 PM EDT) -- With approval Wednesday from the U.S. House of Representatives, a major federal overhaul of American trade secrets law is now headed to President Barack Obama for his almost certain signature.

Rep. Jerrold Nadler, D-N.Y., a co-sponsor of the House version of the DTSA, said the bill "would protect businesses across the country from the growing threat of trade secrets theft." (Credit: AP)   The House voted 410-2 to pass the already Senate-approved Defend Trade Secrets Act, which would effectively "federalize" trade secrets law by allowing companies to file private civil lawsuits under the federal Economic Espionage Act.

The bill is a...

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