The hearing of the Senate Judiciary subcommittee on crime and terrorism will come to order. Im expecting that my Ranking Member senator Lindsey Graham will be here shortly. I just saw him on the cspan screen. I know hes on the floor and not here. But i have permission from his staff to proceed. He will join us as soon as his schedule permits. I also want to recognize in the audience ed pigano. Its good to have him back in a different capacity. We are having a hearing today that is entitled, economic espionage and trade secret theft. Are our laws adequate for todays threats . Today the subcommittee is going to explore how we can better protect american businesses from those who try to steal their valuable intellectual property. American committees are renounced as being the most innovative in the world. Companies of every size and in every industry from manufacturing to software to biotechnology to aerospace own large paortfolios of legally protected trade secrets they have developed is
General keith alexander, until recently, the head of nsa and of Cyber Command at the pentagon, has characterized the cyber theft of American Intellectual property as ill quote the greatest transfer of wealth until history. And of course, were on the losing end of it. But no estimate can fully capture the real impact of trade secret theft. When other countries and foreign businesses steal our trade secrets, they are stealing our ideas. They are stealing our innovation. Most importantly, they are stealing our jobs. In my own state of rhode island, we continue to face unexpectedly high unemployment despite having some of the most innovative businesses in the country. If we do not protect our businesses, we are letting that innovation go to waste and we are letting american jobs go overseas. In the past, some companies were reluctant to talk about this issue because no one likes to admit that they have been victimized. But many are not coming forward to speak out because they recognize how
Good afternoon, chairman nelson, Ranking Member collins and members of the committee. I appreciate the opportunity to appear before you on behalf of the federal trade commission to discuss the commissions role in combating telemarketing fraud. As we have heard the jish inflicted by fraud is wellknown. The harm is not just economic but emotional as well. To tackle phone fraud, the ftc uses Law Enforcement with close coordinate with federal and international counterparts, education and outreach and an initiative to spur technological innovation to develop tools that help consumers avoid unwanted calls and also help law enforcers to track down the frauds. First Law Enforcement and with a focus on imposter scams. Each of us seeks out and relies upon trusted sources. Thats the very thing scammers use and twist. Whether they pretend to be from the government, a Family Member or hide behind a recognizable corporate name. Impersonating someone trusted is more than a door opener. Its an invitat
Next, the Senate Judiciary committee looks into economic espionage. In its todays edition of washington journal. Later the House Armed Services Committee Hears from defense secretary chuck hagel about the deal struck with the taliban to return Sergeant Bowe bergdahl. Lead today booktv is live at politics and prose in washington. Baguettes and we liked it on cspan2s booktv at 7 p. M. Eastern. Here are some of the highlights for this weekend. Find our Television Schedule one week in advance at cspan. Org and let us know what you think about the programs you were watching. Calls at 202s 663400 or email us at comments cspan. Org. Join a cspan conversation, like us on facebook, follow us on twitter. Boeing, and Eli Lilly Pharmaceuticals called on congress recently to address intellectual property and trade secret theft. Members are examining how companies are impacted and weathered the artificial laws to punish violators. Fbi assistant director of counterintelligence Randall Coleman also te
The federally administrative tribal pakistan syria is now a bigger problem if not a bigger problem in terms of the threat to our country and it is as simple as that. Ive made sure his Prime Minister ive got together Security Service experts to look at everything we can do to try to reduce this problem but you know and i know your committees sometimes those involved in this area. This is their major concern. I meant to say this earlier. If you make her immigration target i will send you a box of. Legal mangoes which i know we are working together. I have that on paper here somewhere. [laughter] he has met the indian high commissioner but you know whats happening. We are trying to help. I them impressed that you had mangoes in your brief. Thank you very much. We look forward to seeing you just a little later in the year and probably again later towards the end and we have a range of further subjects we will need to explore. Thank you very much. Chair ine executives from aircraft ro t man