Anti-Piracy Bill Set To Cost Taxpayers $47m To 2016

[companyone]

Hi,

PROTECT IP, the U.S. government’s legislation to target individuals and domains connected with allegations of copyright infringement, is set to cost millions of dollars to enforce. According to a Congressional Budget Office estimate, PROTECT IP – which is designed to benefit US-based entertainment companies – will cost the taxpayer a cool $47m between 2012 and 2016.

The Protect IP Act (an acronym for Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property) is a bill introduced earlier this year aimed at combating online copyright infringement.

PROTECT IP will target and censor so-called “rogue websites”, online sites and services (especially overseas) which U.S. authorities say facilitate infringement of local intellectual property rights. The bill also imposes new anti-piracy requirements on ISPs, payment processors and advertisers. Search engines also have duties to perform, such as deleting links to outlawed sites.

The MPAA is a big supporter of the legislation and firmly believes that its implementation will lead to an increase in its members’ revenues. However, for those not in the entertainment business the legislation, which is currently on hold following intervention by Senator Ron Wyden, will come at a financial cost.

According to a Congressional Budget Office (CBO) estimate released this week, between 2012 and 2016 PROTECT IP will cost the U.S. taxpayer tens of millions of dollars. Article With Links Continues Here

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Best,
Dan

[SiberForum]

Well, though the labour should be paid, I do not think fighting piracy should cost that much...