"The intellectual property industry in America is a major driving force and job-creating engine of our economy. In order to grow our national economy we must ensure this vital sector is protected and able to flourish. I'm pleased by the progress the Administration has made in focusing attention on the importance of protecting intellectual property and welcome the legislative recommendations that they announced today. Congress' work in establishing the position of the Intellectual Property Enforcement Coordinator (IPEC) is starting to show results.
"As the Chairman of the Subcommittee on Intellectual Property, Competition and the Internet, I'm committed to strengthening the laws that promote investment, innovation and creativity at home. I applaud the release of the IPEC's legislative recommendations. Much work remains but I agree with several of the priorities expressed in the report, including that there should be stricter penalties for infringement, including the streaming of infringing content online and increased information-sharing between government agencies about infringing and counterfeit goods that are seized as well as anti-circumvention devices that are seized.
"I commend Ms. Espinel, our nation's first Intellectual Property Enforcement Coordinator (IPEC), for her efforts to date and look forward to working with the Administration to ensure the protection of American intellectual property."