Intellectual Property Protection Act of 2006 - The Bush Administration in Relation To The Legislation

The Bush Administration in Relation To The Legislation

When the Bush administration announced the legislation of intellectual property protection, innovative businesses supported the act and its provisions. Major supporters of the Bush Administration's choice to implement such an act were the Recording Industry Association of America, the U.S. Chamber of Commerce, and NBC Universal. At the time when the legislation was proposed, most of its support came from big businesses and major copyright holders. United States intellectual property is estimated at a worth of between $5 trillion and $5.5 trillion. A direct quote from Alex Burgos, representative for the U.S. Chamber of Commerce:

“There are estimates that intellectual property in the United States is worth between $5 trillion and $5.5 trillion and accounts for approximately half of U.S. exports with roughly 40 percent driving U.S. economic growth...the impact of intellectual property on the U.S. economy is undeniable.”

Focusing more on intellectual property protection in 2008, President Bush signed a law that created a "copyright czar," who would develop a plan that would counter piracy and intellectual property theft. On September 25, 2009, the Obama Administration appointed Victoria Espinel as the United States intellectual property "copyright czar", who would aid with and oversee development and implementation of the President's overall strategy for the enforcement of intellectual property.