Protect American Trade Secrets Act of 2023
Source: Congress.gov ·
327 words in original text
What This Bill Does
This bill amends federal law to allow owners of trade secrets (secret business information) to take legal action against theft of those secrets even when the theft happens outside the United States. The bill applies specifically when the theft affects United States commerce (buying and selling of goods and services).
Who It Affects
Owners of trade secrets seeking legal redress for theft. Foreign individuals and organizations that steal trade secrets affecting U.S. commerce.
Key Provisions
• Trade secret theft laws now apply to conduct occurring outside the United States if it impacts U.S. commerce. (Sec. 2)
• The law applies to offenders who are not U.S. citizens or permanent residents. (Sec. 2)
• The law applies to foreign organizations created under foreign government laws or with their main offices outside the United States. (Sec. 2)
What Changes
Previously, federal trade secret theft protections may have been limited to conduct within U.S. borders. This bill extends those protections to cover theft happening anywhere in the world, as long as the theft harms U.S. commerce.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.