MUMBAI: The Coalition Against Counterfeiting and Piracy (CACP) has unveiled a comprehensive set of legislative initiatives aimed at reducing piracy of US goods by increased protection and enforcement of intellectual property (IP) rights.
The legislative initiatives are a key component to a broad-based campaign led by the CACP called “Campaign to Protect America,” says a release.
The package outlines recommendations to provide for the enhanced protection and enforcement of US intellectual property, including increased resources for IP officials within the Departments of Justice and Homeland Security and strengthened coordination and enforcement at US borders.
The US motion picture industry loses more than $ six billion to piracy worldwide, causing over 140,000 lost jobs and $5.5 billion in lost wages. Absent piracy, the motion picture industry alone would generate $837 million dollars in tax revenue that could be used for priorities such as education and health care.
The CACP is a broad-based coalition representing more than 300 association and businesses within the US Chamber of Commerce.