Global Intellectual Property Center

CBO Releases Score For Rogue Website Bill

CBO Releases Score For Rogue Website Bill

National Journal
A Senate bill to crack down on websites that sell copyrighted and counterfeited material would cost the government $47 million over the next four years, according to a score released this week by the Congressional Budget Office… The U.S. Chamber of Commerce, a major proponent of the bill along with the recording and movie industries who say IP theft is a drain on their industries, hailed the score as a boost for the legislation because it also found, as expected, that the bill “would not affect direct spending or revenues” and “would not affect the budgets of state, local, or tribal governments.” “Given that America’s IP-intensive industries employ more than 19 million Americans and generate nearly $7.7 trillion in gross output, should Congress decides to provide more resources to the Justice Department, it will be a small price to pay to save American jobs and protect American consumers,” said Steve Tepp, senior director on IP issues for the chamber…