H.R.6029 - Foreign and Economic Espionage Penalty Enhancement Act of 2012

To amend title 18, United States Code, to provide for increased penalties for foreign and economic espionage, and for other purposes. view all titles (6)

All Bill Titles

  • Short: Foreign and Economic Espionage Penalty Enhancement Act of 2012 as enacted.
  • Official: To amend title 18, United States Code, to provide for increased penalties for foreign and economic espionage, and for other purposes. as introduced.
  • Short: Foreign and Economic Espionage Penalty Enhancement Act of 2012 as introduced.
  • Short: Foreign and Economic Espionage Penalty Enhancement Act of 2012 as reported to house.
  • Short: Foreign and Economic Espionage Penalty Enhancement Act of 2012 as passed house.
  • Short: Foreign and Economic Espionage Penalty Enhancement Act of 2012 as passed senate.

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Introduced
 
House
Passed
 
Senate
Passed
 
President
Signed
 

 
06/27/12
 
08/01/12
 
12/19/12
 
01/14/13
 

Sponsor

Representative

Lamar Smith

R-TX

View Co-Sponsors (11)

Official Summary

Foreign and Economic Espionage Penalty Enhancement Act of 2012 - Amends the federal criminal code to increase the maximum fine for economic espionage (i.e., stealing or obtaining, duplicating or conveying, or buying or possessing trade secrets without authorization, intending or knowing tha

Official Summary

Foreign and Economic Espionage Penalty Enhancement Act of 2012 - Amends the federal criminal code to increase the maximum fine for economic espionage (i.e., stealing or obtaining, duplicating or conveying, or buying or possessing trade secrets without authorization, intending or knowing that the offense will benefit any foreign government, foreign instrumentality, or foreign agent) committed by individuals (from $500,000 to $5 million) or by organizations (from $10 million to $10 million or 3 times the value of the stolen trade secret to the organization). Directs the U.S. Sentencing Commission to review and amend the federal sentencing guidelines and policy statements applicable to offenses relating to the transmission of a stolen trade secret outside of the United States or economic espionage in order to reflect the intent of Congress that penalties for such offenses reflect the seriousness of, and potential and actual harm caused by, such offenses and provide adequate deterrence. Directs the Commission to:
(1) consider the extent to which such guidelines and statements appropriately account for the simple misappropriation of a trade secret;
(2) consider whether additional enhancements are appropriate to account for any transmission of a stolen trade secret outside of the United States and any such transmission that is committed for the benefit of a foreign government, instrumentality, or agent; and
(3) ensure reasonable consistency with other relevant directives, guidelines and statements, and related federal statutes.

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