Published on the Packaging World Web site
| April 30, 2005
Anticounterfeiting bill moves forward
A house subcommittee passed “The Stop Counterfeiting in Manufactured Goods Act” that increases penalties for distributing counterfeit goods. It grants trademark owners remedies already enjoyed by copyright and trade-secret holders.
The Grocery Manufacturers of America, which strongly supports the bill, noted that counterfeit goods often include brand-name foods, beverages, and consumer products. Such counterfeiting results in loss of consumer trust and an estimated $200 to $250 billion in lost sales annually.
© Copyright 2014 Summit Media Group, Inc. This copy is for your personal, noncommercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers click HERE
or use the "Reprints" tool that appears next to any article. Visit www.summitreprints.com
for samples and additional information. Order a reprint or license this article now.