RIAA Praises House Passage of Legislation Strengthening Intellectual Property Protections
Source: RIAA
May 9, 2008 - 12:03:07 PM
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WASHINGTON -- The U.S. House of Representatives today gave final approval to legislation -- known as the PRO-IP Act -- that would strengthen existing laws against counterfeiting and piracy and provides new resources to key agencies involved in the enforcement of intellectual property rights. Below is a comment from Recording Industry Association of America (RIAA) Chairman and CEO Mitch Bainwol:
"The intellectual property industries generate millions of jobs, a valued trade surplus, and billions of dollars in economic activity. This is a strong, common sense measure that provides new tools and resources to help protect one of this nation’s most important economic engines."
"We are transitioning from a nation whose economy was driven by what we created with our hands to one driven by what we create with our minds. This creative and economic genius deserves to reach its full potential, and this bill is an important step toward achieving that goal. The bipartisan support for this legislation speaks to a widespread recognition by policymakers of the economic importance of the creative industries and the necessary tools to protect it. We applaud Chairman Conyers, Ranking Member Smith, Reps. Berman and Coble and other committee supporters for their steadfast leadership in advancing this bill to passage."
The Recording Industry Association of America is the trade group that represents the U.S. recording industry. Its mission is to foster a business and legal climate that supports and promotes our members' creative and financial vitality. Its members are the record companies that comprise the most vibrant national music industry in the world. RIAA® members create, manufacture and/or distribute approximately 90% of all legitimate sound recordings produced and sold in the United States. In support of this mission, the RIAA works to protect intellectual property rights worldwide and the First Amendment rights of artists; conducts consumer, industry and technical research; and monitors and reviews state and federal laws, regulations and policies. The RIAA® also certifies Gold®, Platinum®, Multi-Platinum™, and Diamond sales awards, as well as Los Premios De Oro y Platino™, an award celebrating Latin music sales.
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