The US House of Representatives has finally acknowledged something that should have been done years and years earlier. As you probably know the US law has been extremely protective when it comes to the IP (Intellectual Property) field. On the other side, the trade secrets were left on their own.
Now, with this new law the US companies have a unique opportunity to address federal courts in cases associated with the trade secret thefts. So far, only the IP theft cases had the granted access to the US federal courts. What is the motivation for this law? Well, this one just could not be more obvious.
The US companies have approximately 5 trillion reasons for it. Let us not forget to mention the cases of cyber espionage, which are also covered by this law. This is definitely a good news from the business point of view. Yet, there is more than one practical question to be answered in this matter.
The Chinese government will obviously get an additional chapter to discuss. On the other side, if the US government is so thoughtful about the business related interests, what about our privacy related concerns? There is no such a law on the horizon. What do we have to do to change that?