Bloomberg BNA’s Patent Trademark & Copyright Law Daily™is the IP industry’s premier news service, offering objective, timely,and reliable daily news coverage and commentary from leading IP law...
The Office of the U.S. Trade Representative would be directed to impose import duties on Chinese goods in an amount equivalent to the estimated losses suffered by U.S. intellectual property rights holders due to piracy and counterfeiting in China, under a bill (H.R. 3375) introduced Nov. 4 by Rep. Steven A. King (R-Iowa), a member of the House Judiciary Committee.
The bill also directs the USTR's Office to conduct a study on the amount of such losses and to submit a report to Congress on the subject every year.
“The creative genius of Americans, protected by our copyrights, trademarks and patents, is systematically being pirated by the Chinese whose government appears to be complicit,” according to a statement by King.
“My bill levies a duty on all Chinese imports in an amount necessary to both pay U.S. property rights holders for their stolen intellectual property and to administer the program. In short, it says to the Chinese: ‘Go ahead and steal U.S. intellectual property—we will do what you have refused to do and pay American innovators their due from the duties on Chinese goods.' ”
The statement also referred to a Sept. 30 report by the Congressional Research Service estimating that in 2009 American IP owners lost $48.2 billion in revenue due to IP violations in China.
The bill has been referred to the House of Representative Committee on Ways and Means.
H.R. 3375 at http://pub.bna.com/ptcj/HR3375Nov4.pdf
CRS report at http://pub.bna.com/ptcj/RL33536Sept30.pdf
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)