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

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 eng

Added: Aug-19-2011 Occurred On: Aug-19-2011
By: laserblast92
World News
Tags: corrupt, government, censorship, wtf
Location: United States (load item map)
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