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NAM Celebrates New Anti-Counterfeiting Law


NAM Celebrates New Anti-Counterfeiting Law

Monday, March 20, 2006
 
The National Association of Manufacturers (NAM) and its members scored a major victory last week after President Bush signed the Stop Counterfeiting in Manufactured Goods Act (H.R. 32) into law. For the first time, the government is armed with much-needed tools to dismantle portions of the $500 billion global trade in fake products. NAM credits the leadership of Rep. Joseph Knollenberg (R-MI) and a host of other lawmakers in getting the law passed. It covers the entire spectrum of manufactured goods, and creates tougher criminal statutes that provide for forfeiture not only of counterfeited goods for sale, but also equipment used to make them. The bill also addresses the so-called “import hole,” since some counterfeiters previously evaded prosecution by separating the manufacture of products from the labeling process. The law also now makes the export of counterfeited goods a criminal offense and gives U.S. trade negotiators a more secure platform in trade talks with global competitors like China.

 

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