In December 2019, a bipartisan group of senators introduced a bill which would expand the authority of the United States Customs and Border Protection agency to seize counterfeit goods at the U.S. border that infringe on intellectual property rights. If passed, this legislation would prevent the importation of counterfeit products into the United States. The estimated global trade value of counterfeit products in 2019 was over $1 trillion.
Source: Paul D. Ackerman, Gary A. Abelev, and Aimee N. Soucie, "Proposed Counterfeit Goods Seizure Act of 2019 Would Provide Design Patent Protection at the US Border," huntonretailindustryblog.com, December 18, 2019.
-Refer to the Article Summary. If the Counterfeit Goods Seizure Act of 2019 becomes law, all of the following would most likely occur except
A) companies would increase investment in the development of more innovative products.
B) innovating companies would consider expanding their research and development departments.
C) more patents would be issued to innovators and inventors.
D) fewer dollars would be spent on the development of new technology.
Correct Answer:
Verified