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aug09.2013_bCriminalize economic espionage - Arroyos

aug09.2013_bCriminalize economic espionage - Arroyos

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Criminalize economic espionage - Arroyos
Criminalize economic espionage - Arroyos

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Published by: pribhor2 on Aug 09, 2013
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08/09/2013

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Criminalize economic espionage - Arroyos
Since current laws do not give adequate protection to proprietary economicinformation, lawmakers have proposed to include and define the crime of economicespionage in the country’s penal code.HB 1377 or “Economic Espionage and Protection of Proprietary Information Act of 2013,” is authored by Reps. Diosdado Arroyo (2
nd
District, Camarines Sur) and GloriaMacapagal-Arroyo (2
nd
District, Pampanga).“It is the intent of the bill to prevent economic espionage to protect and ensure thedevelopment of proprietary economic information as an integral part of the nationscommerce and economic development,” Arroyo said.“We need to advance the development and lawful use of Philippine proprietaryeconomic information by protecting it from theft, wrongful destruction or alteration,misappropriation and conversion by foreign governments and their agents or instrumentalities,” Arroyo added.According to Arroyo, economic espionage can cost the country’s economy millionsof pesos each year especially when perpetrated by foreign government and their agentsand instrumentalities.“The development, protection and lawful exchange of such information is essentialto the competitiveness of critical segments of Philippine business and industry,” Arroyosaid.The bill defines an economic espionage as an act committed by any person whosteals, wrongfully appropriates, takes, carries away, or conceals, or by fraud, artifice, or deception obtains proprietary economic information;Wrongfully copies, duplicates, sketches, draws, photographs, downloads, uploads,alters, destroys, photocopies, replicates, transmits, delivers, sends, mails, communicates,or conveys proprietary information;Being entrusted with, or having lawful possession or control of, or access to, proprietary economic information, wrongfully copies, duplicates, sketches, draws, photographs, downloads, uploads, alters, destroys, photocopies, replicates, transmits,delivers, sends, mails, communicates, or conveys the same;Receives, buys, or possesses proprietary economic information, knowing the sameto have been stolen or wrongfully appropriated, obtained, or converted.
NR # 3190BAUG. 9, 2013

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