WASHINGTON (May 24, 2005) — The automotive aftermarket was unanimous in praising the House of Representatives for its voice-vote passage of the Stop Counterfeiting in Manufactured Goods Act.
Aftermarket associations have been particularly active in lobbying for the bill, which would expand current anti-product counterfeiting law by requiring destruction of all equipment used to make counterfeit products and deeming illegal the unauthorized use of trademarks on labels, patches or medallions.
The Federal Bureau of Investigation estimates that counterfeiting of tires, belts, hose and other auto parts costs the aftermarket industry alone some $12 billion annually in sales, as well as some 200,000 jobs and inestimable amounts in litigation and lost reputation.
Members of the Senate Judiciary Committee, which has jurisdiction over the bill, have shown great interest in its passage, said Stephanie Salmon, director of government affairs for the Automotive Aftermarket Industry Association. But action on judicial nominees and asbestos legislation has prevented them from taking it up, Ms. Salmon said, though she added there may be hearings on the bill after Congress' Memorial Day recess.