SOPA Is Dead : Smith Pulls Bill

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  • SOPA Is Dead: Smith Pulls Bill
    http://mashable.com/2012/01/20/sopa-is-dead-smith-pulls-bill

    Lamar Smith, the chief sponsor of SOPA, said on Friday that he is pulling the bill “until there is wider agreement on a solution.”

    “I have heard from the critics and I take seriously their concerns regarding proposed legislation to address the problem of online piracy,” Smith (R-Texas) said. “It is clear that we need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products.”

    Smith also released the following statement on Friday:

    “We need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products. “The problem of online piracy is too big to ignore. American intellectual property industries provide 19 million high-paying jobs and account for more than 60% of U.S. exports. The theft of America’s intellectual property costs the U.S. economy more than $100 billion annually and results in the loss of thousands of American jobs. Congress cannot stand by and do nothing while American innovators and job creators are under attack.”

    try again