HR 5233 · 113th Congress · Crime and Law Enforcement

Trade Secrets Protection Act of 2014

Introduced 2014-07-29· Sponsored by Rep. Holding, George [R-NC-13]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Placed on the Union Calendar, Calendar No. 494.(2014-12-11)

Plain Language Summary

[AI summary unavailable — showing source text] Trade Secrets Protection Act of 2014 - Amends the federal criminal code to authorize an owner of a trade secret related to a product or service used in interstate or foreign commerce, who is aggrieved by a misappropriation of such trade secret, to bring a civil action to obtain appropriate relief. Grants U.S. district courts original jurisdiction of such actions, subject to a five-year statute of limitations beginning when the misappropriation is or should have been discovered. Authorizes the court, upon ex parte application, to issue an order providing for the seizure of property necessary to preserve evidence in such civil action or to prevent the propagation or dissemination of the trade secret, if it finds that: a temporary restraining order would be inadequate because the restrained party would evade or otherwise not comply with it; immediate and irreparable injury will occur if such seizure is not ordered; the harm to the applicant of denying the application outweighs the harm to the legitimate interests of the person against whom seizure would be ordered and the harm to any third parties who may be harmed by such seizure; the applicant is likely to succeed in showing that th…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 5233, Trade Secrets Protection Act of 2014

Nov 26, 2014

As ordered reported by the House Committee on the Judiciary on September 17, 2014

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

7 Democrats13 Republicans