Bush Signs Bill Targeting Knockoffs - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Bush Signs Bill Targeting Knockoffs

Manufacturers lose an estimated $200 billion a year from counterfeit products, and the new bill closes some loopholes.

The Stop Counterfeiting In Manufactured Goods bill closes loopholes that allowed the shipment of fake products from electronic components and automotive parts to apparel into the United States.

The bill also requires courts to order the destruction of all counterfeit products seized as part of a criminal investigation and convicted counterfeiters to relinquish profits and any equipment used in the operation. Those convicted of counterfeiting must reimburse the legitimate businesses they exploited.

Manufacturers lose an estimated $200 billion a year from counterfeit products, according to U.S. Customs and Border Protection.

Mike Wills, Intermec Corp.'s vice president of global services, RFID, and intellectual property, said more manufacturers in consumer goods and retail industries are looking at embedding radio frequency identification (RFID) tags in individual items as an option to stop counterfeiting.

Some industries, such as pharmaceutical, have already begun to deploy RFID technology in their supply chain to stop counterfeiting. Drug manufacturers and distributors have integrated RFID technology to make certain fake drugs don't reach consumers. Projects are being rolled out on request from the U.S. Food and Drug Administration (FDA).

The White House said in a statement that it broke up a prescription drug counterfeiting network and seized more than $4 million in counterfeit medicine with help from partners overseas.

With help from 16 countries on five continents, it also eliminated more than $100 million in illegal online software, games, movies and music.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
What Becomes of CFOs During Digital Transformation?
Joao-Pierre S. Ruth, Senior Writer,  2/4/2020
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
Register for InformationWeek Newsletters
Current Issue
IT 2020: A Look Ahead
Are you ready for the critical changes that will occur in 2020? We've compiled editor insights from the best of our network (Dark Reading, Data Center Knowledge, InformationWeek, ITPro Today and Network Computing) to deliver to you a look at the trends, technologies, and threats that are emerging in the coming year. Download it today!
White Papers
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll