Online piracy and counterfeiting is epidemic. The owners of copyrighted material -- movies, music, etc., as well as of trademarked products, lose millions of dollars each year to piracy and counterfeting and thousands of jobs are lost as a result. In the past, Congress has responded to this problem by passing stronger civil and criminal laws, but the problem persists, perhaps even gotten worse. What to do?
Within the past year or so, a number of bills have been introduced in Congress aimed specifically at curtailing online piracy and counterfeiting. Under the so-called Stop Online Piracy Act (SOPA), for example, the Attorney General of the U.S. would be able to require service providers, such as Google, to take measures to block access to foreign websites that traffic in pirated and counterfeit goods, including blocking access to the relevant domain name. Payment network providers and internet advertising services could be required to cease doing business with the such "rogue" websites.To read more or comment...