Growth of Internet Piracy
Senate Committee Report on the PROTECT IP Act
Intellectual property is the engine of the American economy and critical for job growth. According to independent studies, IP-reliant companies account in America for more than $7.7 trillion and employ more than 19 million workers. Protecting American intellectual property from theft is therefore critical to our Nation’s prosperity, welfare, and job creation. The theft of American intellectual property threatens that prosperity. While estimates of the harm caused to the American economy by counterfeit products and the theft of copyrighted works differ and are difficult to confirm, copyright piracy and the sale of counterfeit goods is reported to cost American creators…
