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PMA Member Speaks on Capitol Hill
Regarding Crackdown on Counterfeiting

PMA Member Speaks on Capitol Hill
Regarding Crackdown on Counterfeiting

Friday, February 9, 2007
 
Senators Evan Bayh (D-IN) and George Voinovich (R-OH) have introduced the Intellectual Property Rights Enforcement Act, to combat the proliferation of counterfeit goods, and the Precision Metalforming Association was right there to support them. At the personal invitation of Senator Bayh, PMA member Jody Fledderman, president and CEO of Batesville Tool & Die, Inc., Batesville, IN, participated in a February 7 Capitol Hill press conference to discuss the legislation. “The loss of our intellectual property is an additional and unwelcome burden for U.S. manufacturers trying to be competitive in today’s global marketplace,” said Fledderman. “Counterfeiting creates a ripple effect felt throughout the supply chain, impacting producers and consumers alike. Counterfeiting leads to lost revenues and lost sales to U.S. manufacturers who are looking for s to grow in a challenging market.” The act would establish an Intellectual Property Enforcement Network, dedicated to disrupting the global supply chain of counterfeit goods, through the combined efforts of the U.S. Department of Treasury’s Office of Terrorism and Financial Intelligence and an international task force comprised of U.S. trading partners. Added PMA president William Gaskin: “Counterfeiting in any sector of manufacturing…impacts the metalforming industry by hurting our members and our customers. We applaud Senators Bayh and Voinovich for introducing this important legislation.”

 

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