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2023 SESSION

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SB 857 Trade secrets; theft of or trafficking, penalty.

Introduced by: John A. Cosgrove, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Theft of or trafficking in trade secrets; penalty. Provides that any person who willfully and without authorization obtains or uses, or endeavors to obtain or use, a trade secret, as defined in the bill, with the intent to either temporarily or permanently (i) deprive or withhold from the owner thereof the control or benefit of a trade secret or (ii) appropriate a trade secret to his own use or to the use of another person not entitled to the trade secret is guilty of a Class 6 felony. The bill also provides that any person who willfully traffics in, or endeavors to traffic in, a trade secret that he knows or should know was obtained or used without authorization is guilty of a Class 5 felony. The punishments for such violations increase to the Class 5 felony and Class 4 felony when such offenses are committed with the intent to benefit a foreign government, a foreign agent, or a foreign instrumentality.


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