Trade Counterfeiting and Piracy Prevention Act of 1986

[AI summary unavailable — showing source text] Trade Counterfeiting and Piracy Prevention Act of 1986 - (No Title I.) Title II: Technology Licensing Under the Antitrust Laws - Amends the Clayton Act to permit licensing agreements for patented inventions, trade secrets, knowhow, or rights in protected mask works. Title III: Elimination, in Certain Section 337 Cases, of Requirement of Injury to a United States Industry - Amends the Tariff Act of 1930 to declare that acts of importation into, or sale in, the United States of articles that infringe a valid U.S. patent, copyright, trademark, U.S. maskwork, or trade secret are unlawful whether or not they have the effect of destroying or substantially injuring a U.S. industry or impairing the establishment of such industry. Permits any person to petition the International Trade Commission (ITC) for the issuance of an order to exclude such articles, during its investigation, from entry into the United States. Sets forth: (1) civil penalties for violations under this Act; and (2) procedures for the modification or recision of an ITC order under this Act. Repeals a specified section of the Tariff Act of 1930 relating to the importation of products produced under a process covered by cla…