VA HB1502 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 3 2023 - 25% progression, died in committee
Action: 2023-02-07 - Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Theft of or trafficking in trade secrets; penalty. Provides that any person who willfully and without authorization obtains or uses, or endeavors to obtain or use, a trade secret, as defined in the bill, with the intent to either temporarily or permanently (i) deprive or withhold from the owner thereof the control or benefit of a trade secret or (ii) appropriate a trade secret to his own use or to the use of another person not entitled to the trade secret is guilty of a Class 6 felony. The bill also provides that any person who willfully traffics in, or endeavors to traffic in, a trade secret that he knows or should know was obtained or used without authorization is guilty of a Class 5 felony. The punishments for such violations increase to the Class 5 felony and Class 4 felony when such offenses are committed with the intent to benefit a foreign government, a foreign agent, or a foreign instrumentality. Theft of or trafficking in trade secrets; penalty. Provides that any person who willfully and without authorization obtains or uses, or endeavors to obtain or use, a trade secret, as defined in the bill, with the intent to either temporarily or permanently (i) deprive or withhold from the owner thereof the control or benefit of a trade secret or (ii) appropriate a trade secret to his own use or to the use of another person not entitled to the trade secret is guilty of a Class 6 felony. The bill also provides that any person who willfully traffics in, or endeavors to traffic in, a trade secret that he knows or should know was obtained or used without authorization is guilty of a Class 5 felony. The punishments for such violations increase to the Class 5 felony and Class 4 felony when such offenses are committed with the intent to benefit a foreign government, a foreign agent, or a foreign instrumentality.

Tracking Information

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Title

Trade secrets; theft of or trafficking, penalty.

Sponsors


History

DateChamberAction
2023-02-07HouseLeft in Courts of Justice
2023-01-03HouseReferred to Committee for Courts of Justice
2023-01-03HousePrefiled and ordered printed; offered 01/11/23 23102278D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
182213.3(n/a)See Bill Text

Virginia State Sources


Bill Comments

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