"It is tempting to think of crimes involving counterfeiting and piracy, or intellectual property (IP) theft, as victimless, but this is simply untrue. Piracy denies individuals who have invested in the creation and production of these goods a return on their investment thus reducing the incentive to invest in innovative products and new creative works. The end result is the loss of American jobs."

"It is encouraging that both sides of the Capitol are eager to work to enact stronger IP protections for our nation's authors and inventors. The House Intellectual Property Subcommittee will work in a bipartisan fashion to create new, meaningful IP protections and bolster existing ones at a time when U.S. copyright industries are facing disastrous threats from online theft."