Call to action: LIFO Repeal and Protect IP Act – letters to Congress encouraged NOW!
LIFO Repeal Alert!
On Friday, June 24, the Administration added LIFO repeal to the list of tax increases they are requesting as part of the negotiations to reach a deal on a debt limit increase. If LIFO impacts your business accounting, you are encouraged to contact your member of Congress ASAP to actively oppose repeal. For information on LIFO, please visit the LIFO Coalition at: http://www.savelifo.org/index.cfm. Updates will be posted at the NAMM website.
NAMM part of LIFO Coalition; see attached ad
PROTECT IP ACT – Letters to Senators Encouraged NOW!
The bill introduced by Senator Leahy has been unanimously reported by committee and floor debate time is being pursued. Music products companies are encouraged to send - or pdf or fax - letters to all 100 Senators to help this effort. A template is attached that should be personalized to address your company’s IP infringement issues and product sales on the internet. To access the individual website of your senators for contact information to send a letter, go to: http://www.senate.gov/general/contact_information/senators_cfm.cfm
The PROTECT IP ACT seeks to regulate internet commerce and websites selling counterfeit products. Many sites pose as legitimate businesses but, in reality, the counterfeit and pirated products these sites distribute are often of poor quality, harmful, and promote fraud. The PROTECT IP Act seeks to make the Internet safer and protect consumers in the online marketplace.
Intellectual property regulations and copyright are cornerstones of the U.S. economy. Copy-right infringement and global sales of counterfeit goods via the Internet from illegitimate retailers reached $135 billion in 2010. Rogue sites are part of a network of counterfeiting and piracy that cost 2.5 million jobs in G20 economies.