Over the past decade, trade secret misappropriation perpetrated by foreign entities has become an issue of increasing concern.
A bipartisan bill — the Stopping and Excluding Chinese Rip-offs and Exports of the United States Trade Secrets, or SECRETS, Act — would create a new procedure to allow the U.S. International Trade Commission to bar imported products that benefit from misappropriated American trade secrets.
A Law360 article explains, this proposed solution is largely redundant with the ITC's existing authority under Section 337 of the Tariff Act, which grants the ITC the authority to investigate, on its own volition, potential trade secret misappropriation by foreign actors.
The article was authored by IP litigation partner Matt Rizzolo and associates Brendan McLaughlin and Nicole Pobre (all of Washington, D.C.).
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