December 2016 Current Affairs

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US Senate unanimously approves Defend Trade Secrets Bill

US Senate unanimously approves Defend Trade Secrets Bill
06 April 2016 Current Affairs: The US Senate on 4 April 2016 approved Defend Trade Secrets Bill. The legislation provides greater legal protection to companies for their commercial secrets. It was passed by 87-0, amid strong White House backing.Now the bill will be sent for approval to the House of Representatives.It empowers companies to sue in federal court if their commercial secrets are stolen. It would help them to recover damages, enforce injunctions and prevent the further dissemination of stolen trade secrets. Trade secrets are confidential information that can give a business a commercial edge. It would also create a uniform standard for what constitutes trade secret theft. Currently, if companies want to sue, they are relegated to state courts, where there is a patchwork of state laws.According to a 2013 report by the Commission on the Theft of American Intellectual Property, theft of intellectual property, including trade secrets, costs US businesses more than 300 billion dollars every year.Though trade secret theft is a federal crime in the US but the legislation was required because sponsors of the bill think that the US Department of Justice lacks the resources to prosecute such crimes.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
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26 AUG
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25 AUG
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