Madam Speaker, I move to suspend the rules and agree to the resolution (H. Res. 1208) supporting the goals of World Intellectual Property Day. The Clerk read the title of the resolution. The text of the resolution is as follows: H. Res. 1208 Whereas intellectual property is the backbone of the economic competitiveness of the United States and the only economic sector in which the United States has a trade surplus with every nation in the world; Whereas well over 50 percent of United States exports now depend on some form of intellectual property, compared to less than 10 percent 50 years ago; Whereas intangible assets that stem from intellectual property, such as high-value services, global branding, technological know-how, and scientific research, must be recognized as cornerstones in achieving economic recovery and creating jobs; Whereas intellectual property assets today represent more than one third of the value of United States-based corporations and more than 17 percent of the gross domestic product of the United States; Whereas intellectual property plays a significant role in an increasingly broad range of services, ranging from the Internet to health care to nearly all aspects of science and technology and literature and the arts, and the potential for innovation and invention must be fostered as its greatest attribute; Whereas the United States and all countries share the challenge of combating piracy and counterfeiting of intellectual property, including illicit tr…
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