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Trading Secrets A Law Blog on Trade Secrets, Non-Competes, and Computer Fraud

Tag Archives: penalties

President Obama Signs Economic Espionage Act Amendments That Significantly Enhance The Penalties For Trade Secret Theft By Foreigners

Posted in Data Theft, Espionage, Legislation

On January 14, 2013, President Obama signed the Foreign and Economic Espionage Penalty Enhancement Act of 2012.

The Act enhances the penalties for certain violations of the Economic Espionage Act.

The purpose of the Act was to amend title 18, United States Code, to provide for increased penalties for foreign and economic espionage.

Under the Act, the upper limit …