White House Bill Signing Ceremony Marks New Anti-Counterfeiting
The Automotive Aftermarket Industry Association (AAIA) joined Congressional
and industry leaders at the White House March 16, as President Bush signed
into law the "Stop Counterfeiting in Manufactured Goods Act"
The act enhances criminal sanctions against trademark counterfeiters.
It closes a loophole in current criminal law, which currently does not
criminally prohibit trafficking in the counterfeit labels and packaging
that are used with counterfeit goods. It also requires the disposal of
counterfeit goods and marks to ensure that trademark thieves do not profit
from their sale.
"Our association and industry congratulate and thank bill sponsors,
Rep. Joe Knollenberg, R-Mich. and Sen. Arlen Specter, R-Pa., for marshalling
strong bi-partisan support to pass legislation so vital to protecting
American consumers, businesses and workers from the dangers of product
piracy," said Kathleen Schmatz, AAIA president and CEO. "We
also salute President Bush for his commitment to enact tougher penalties
and for his administration's comprehensive Strategy Targeting Organized
Piracy (STOP) campaign."
"Our laws now become a greater deterrent to trademark theft, by making
the potential costs of getting caught much higher than the potential profits
of product piracy," said Lee Kadrich, AAIA vice president, government
affairs and trade. "This new act also arms U.S. trade negotiators
to win equivalent statutory protections from the many trade partners seeking
free trade agreements with the United States."