Manufacturers need a more focused defense from the government in the battle over intellectual property theft, two senators said, citing the billions of dollars in losses from piracy and counterfeiting.
Sens. Evan Bayh, D-Ind., and George Voinovich, R-Ohio, outlined new legislation that would target the loss of intellectual property theft, replacing the current system that involves nine different agencies working on the issue. Taking a cue from the international approach to combat money laundering, it would also try to partner with other countries to help companies remain competitive. [from AP]