I firmly believe that criminal domestic and offshore websites dedicated to the online theft of music, movies, books, pharmaceuticals and other intellectual property harm the U.S. economy, our balance of trade, U.S. employment and put companies, consumers and other individual artists in New York and throughout the country at a severe disadvantage.
Reed discusses the negative impact of online piracy on the U.S. economy and artists.
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The unconventional nature of what this Administration is doing is something I applaud, and I have stood with, because I agree that we just cannot maintain the status quo, because, as to your point, this policy is unsustainable.
This transparency reform in this new--this is a new piece of legislation. This isn't your grandpa's TPA.
If we are going to be sincere about fixing this problem, I think we need to change the rhetoric of this Subcommittee.
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