Last week the Senate passed an intellectual property rights bill that intends to increase federal support to copyright laws. The Prioritizing Resources and Organization for Intellectual Property Act of 2008 increases federal resources for enforcing current copyright laws and is designed to better facilitate U.S. intellectual property (IP) policy.
The president is expected to sign the bill, which supporters believe will not only represent an important step forward for IP protection, but also for the economy.
We aren’t in the business of commenting on pending legislation, but any time we see intellectual property protection in the news, it catches our eye. Certainly it is no secret that IP serves as the lifeblood of nearly every organization, and the impact of stolen IP can represent a significant risk.
Variety, September 26, 2008