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Senate passes bill giving biotech and other companies more power to protect trade secrets

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis.

The Senate has unanimously passed legislation that would give companies such as DuPont Pioneer more power to defend their trade secrets from theft.

In a rare moment of bipartisanship, the chamber voted 87-0 late Monday to pass the legislation, which is also backed by the Obama administration and corporations. Iowa Sens. Chuck Grassley and Joni Ernst were among those voting for the bill.

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Theft of intellectual property has long been associated with aerospace, pharmaceuticals, financial institutions. . . But agriculture has increasingly been a target as China and other countries look to steal more advanced seeds and sprays produced by U.S. agribusiness companies.

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Agriculture theft was thrust into the forefront in 2011 when a DuPont Pioneer field manager caught a Chinese businessman digging around in one of the company’s test fields near Tama, Ia.

The individual was among those later charged in a plot to steal patented seeds from companies including Pioneer and Monsanto and smuggle them to China, where they could be counterfeited by an agricultural conglomerate. He agreed to a deal with prosecutors and pleaded guilty to conspiracy to steal trade secrets in January.

Read full, original post: U.S. Senate overwhelmingly passes trade secrets bill

The GLP aggregated and excerpted this article to reflect the diversity of news, opinion, and analysis. Click the link above to read the full, original article.
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