Bipartisan Trade Secrets Protection Bill Passed by U.S. Senate
- Corporations would be able to pursue cases in U.S. court
- House has yet to advance its own bill, but could act quickly
A Boeing logo sits on the Boeing Co. company's chalet prior to the opening of the Farnborough International Airshow in Farnborough, U.K., on Sunday, July 13, 2014.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The Senate easily passed a bill Monday allowing corporations to make a federal case of the theft of trade secrets, with backers hoping the House will quickly send it to President Barack Obama’s desk.
The overwhelming 87-0 vote came after the bill providing for federal lawsuits to protect trade secrets received broad backing from the business community, the White House and lawmakers in both parties.