The 2014 midterm elections saw a shift in the balance of power in the U.S. legislature. Both the House of Representatives and the Senate are now controlled by the Republican Party, which may have an effect on federal intellectual property laws.

American Continental Group (ACG), a Washington D.C. lobbying firm, issued a report outlining what it thinks will happen as a result of this shift of power. Key predictions from the report include updating and modernizing copyright law and procedures, reforming patent litigation to avoid abuse, and federal civil remedies for trade secret theft.

Companies need to be aware of these potential changes as they may affect the landscape for doing business. A summary of ACG’s report is available here.