Economic Espionage Act (EEA)

The Economic Espionage Act (EEA) is a U.S. law designed to protect trade secrets from theft and unauthorized use, particularly in the context of corporate competition. Enacted in 1996, it criminalizes the theft of trade secrets for commercial advantage, whether by individuals, corporations, or foreign entities. The EEA aims to safeguard innovation and economic interests by imposing penalties on those who misappropriate sensitive information, thus supporting fair business practices and fostering a secure environment for economic growth.