Following Senate passage of the Defend Trade Secrets Act of 2016 (DTSA) this afternoon, the Partnership for American Innovation (PAI) released the following statement:
The Partnership for American Innovation, a diverse group of companies working together to promote respect for intellectual property, is proud to support the Defend Trade Secrets Act of 2016 (DTSA). The theft of trade secrets is costing the U.S. up to 3 percent of our GDP, and this legislation will help protect American businesses and jobs by providing a federal remedy to fight back. We applaud the Senate Judiciary Committee, and Senators Hatch and Coons in particular, for their leadership in passing DTSA in the Senate.
– David J. Kappos, Senior Advisor to the Partnership for American Innovation