Intellectual Property Law

Enforcement of Intellectual Property Rights Act of 2008

By IBLS Editor

Dear Chairman Leahy and Ranking Member Specter:

          The U.S. Chamber of Commerce, the world's largest business federation representing more than three million businesses and organizations of every size, sector, and region, commends you for introducing S. 3325, the "Enforcement of Intellectual Property Rights Act of 2008,? and expeditiously scheduling this legislation for Committee markup on July 31st.

          Protecting intellectual property (IP) is critical to America"s future competitiveness and economic security. Counterfeiting and piracy of IP cost U.S. businesses nearly $250 billion in revenue each year and has already caused the loss of an estimated 750,000 American jobs. Moreover, as was highlighted by the Committee?s June 17th hearing, counterfeit products such as auto and aviation parts, electrical equipment, prescription drugs, and many others pose a severe health and safety risk to American consumers.

          The Chamber supports S. 3325 because it will improve coordination among government agencies responsible for IP enforcement and provide additional resources and legal tools necessary to address the growing threat posed by counterfeiting and piracy.

          The Chamber appreciates your leadership on this important issue and looks forward to working with you, members of the Judiciary Committee, and the full Senate toward swift approval of S. 3325.

Cc:  Members of the Committee on the Judiciary
       The Honorable Evan Bayh
       The Honorable George Voinovich

Full post as published by IBLS Internet Law Blog on July 30, 2008 (boomark / email).