“Manufacturers in this country are the most efficient and technologically advanced in the world, but they face many challenges, particularly those costs they cannot control,” Knollenberg said in a statement Tuesday. “We must focus on measures that alleviate those costs, such as cracking down on criminals who break the rules.”
It’s estimated that counterfeiting costs U.S. companies about $200 billion a year.
The so-called “Stop Counterfeiting in Manufactured Goods Act” requires the mandatory destruction of equipment used to manufacture and package counterfeit goods. The proposed legislation also addresses methods that counterfeiters have used to evade prosecution, such as the selling of patch sets or medallions that can later be attached to generic merchandise and given the appearance of a genuine product.
Knollenberg noted that the United States must also increase cooperation with other countries in the war against counterfeiting. “With these provisions in law, our trade negotiators will be able to seek stronger anticounterfeiting provisions in bilateral and multilateral agreements with trading partners, with these improvements as the basis for asking other countries to enact similar changes,” the U.S. representative said.
A bipartisan group of 21 lawmakers are original cosponsors of the Stop Counterfeiting in Manufactured Goods Act. The bill will be referred to the House Judiciary Committee.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now