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Article: REP. SHERMAN INTRODUCES LEGISLATION TO STOP INTELLECTUAL PROPERTY PIRACY
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 18, 2007
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Rep. Brad Sherman, D-Calif. (27th CD), issued the following news release:
Congressman Brad Sherman joined today with his colleagues to introduce the bipartisan Intellectual Property Rights Enforcement Act in the House of Representatives.
The U.S. Chamber of Commerce estimates that counterfeiting and piracy cost the U.S. economy up to $250 billion each year and that intellectual property theft is directly responsible for the loss of over 750,000 American jobs. Additionally, the International Intellectual Property Alliance estimates that the United States suffers $9 billion losses in trade annually due to counterfeiting and piracy.
In order to combat this problem, the Intellectual Property ...