SECRETS Act of 2021

The SECRETS Act of 2021 aims to protect American innovation by preventing foreign entities from profiting off stolen U.S. intellectual property. The bill would grant the U.S. International Trade Commission expanded authority to block the importation of goods that were developed using trade secrets stolen or misappropriated by foreign agents.

For everyday citizens, this legislation is designed to protect domestic jobs and businesses by ensuring that foreign competitors cannot undercut the American market with products created through industrial espionage. Additionally, the bill establishes a specialized interagency committee to investigate claims of trade secret theft, providing a more streamlined process for U.S. companies to report and stop the sale of pirated goods within the United States.