'Imperative' to Protect IP Rights, Blackburn Says at IIPA Report Event

“It's imperative that we continue pushing to protect” IP rights, said House Commerce Committee Vice Chairwoman Marsha Blackburn, R-Tenn., at a news conference about an International Intellectual Property Alliance report that core copyright industries contributed $1.2 trillion to the U.S. gross domestic product during 2015. The report “will help” the House Judiciary Committee in its work on possible legislation for its Copyright Act modernization review, said committee ranking member John Conyers, D-Mich. These are “tangible metrics” of the value of IP to the U.S. economy as House Judiciary considers its next steps on copyright legislation, said House IP Subcommittee Vice Chairman Doug Collins, R-Ga. Major U.S. copyright holders' sales of products to overseas markets increased to almost $177 billion in 2015, from $164 billion in 2014 and almost $155 billion in 2013, IIPA said.