On December 28, 2012, President Obama enacted the Theft of Trade Secrets Clarification Act of 2012. The Act clarifies the scope of Section 1832 of the Economic Espionage Act and attempts to reverse the Second Circuit’s recent decision in U.S. v. Aleynikov. Most significantly, the Act clarifies that the EEA protects wholly internal proprietary information if the information relates to products or services that are used in interstate or foreign commerce.
Economic Espionage Act of 1996 -
The Economic Espionage Act of 1996 (EEA), 18 U.S.C. §§ 1831-39, protects proprietary economic information by making certain types of trade secret misappropriation federal crimes.
Congress enacted the EEA to provide “a systematic approach to the problem of economic espionage.” The EEA was designed to reflect the increasing importance of “intangible assets” like trade secrets in the “high-technology, information age,” as well as the growing threat posed by the theft of such proprietary information and the inadequacy of existing federal laws to protect trade secrets. H.R. Rep. No. 104-788, at 4 7 (1996); see also S. Rep. No. 104-359, at 6-11 (1996).
Please see full memorandum below for more information.
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Topics: Aleynikov, Economic Espionage Act, Espionage, Foreign Commerce, Goldman Sachs, Intangible Property, Interstate Commerce, Misappropriation, Technology, Trade Secrets
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