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CBO: IP bill would cost $47M over 5 years
The Congressional Budget Office has scored Sen. Patrick Leahy’s controversial bill aimed at shutting down foreign websites that infringe on copyrighted material and estimates it would cost about $47 million to implement over the next five years… Steve Tepp, senior director for IP enforcement at the Chamber of Commerce’s Global Intellectual Property Center, said in a statement that the CBO estimate “gave another boost to rogue site legislation.” He also highlighted the CBO’s finding that the bill would not affect direct revenues and spending nor affect state and local budgets. “Given that America’s IP-intensive industries employ more than 19 million Americans and generate nearly $7.7 trillion in gross output, should Congress decide to provide more resources to the Justice Department, it will be a small price to pay to save American jobs and protect American consumers,” Tepp said….
Global Innovation Policy Center @globalIPcenter 1h
“The private sector, with its unique know-how in R&D, manufacturing at scale, and logistics, will play a key role in ending this pandemic for good. But these companies cannot do so without #IP protections.” Get insight from @pjkilbride. https://t.co/pFsIlfs5Ay