Washington, D.C. - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement praising congressional leaders for passage of the Defend Trade Secrets Act. This bill will help curb intellectual property (IP) theft by creating a harmonized federal standard to protect the products manufacturers make and how they make them. The bill now goes to the president's desk for his signature:
"Creativity and innovation are the heart and soul of the products made in this country, and when competitors steal that knowledge, it undercuts our ability to succeed in the global economy. In passing the Defend Trade Secrets Act, lawmakers across the political spectrum have demonstrated unified leadership to protect the knowledge that many manufacturers in the United States consider to be among their most valued assets. This is a victory for manufacturers in America, and the NAM commends Congress' efforts to pass this critical legislation and send it to the president, from whom we expect to see quick action."
Learn more about the NAM's priorities for IP rights here