Government Cracks Down on State-Run Piracy Ring

Senator Fritz Hollings today announced the Fair Value Protection Act aimed at stamping out the widespread piracy of intellectual property that, according to testimony before his committee, deprives authors of almost two billion dollars a year of revenues they have earned and deserve.

“The FVPA goes a long way to restoring the fair relationship between creators and consumers,” said Senator Hollings. “Honest consumers want to pay for the value they receive. They understand that creators deserve to be paid for their work and for what they contribute to our proud American culture.”

Mark Miwords, president of the Book Lovers for Fairness, a publishing industry trade association, said in testimony before the committee, “This buy- once-share-with-all practice has to stop. It’s unfair, it’s unreasonable and it’s Unamerican. The fact that governments themselves are funding this type of terrorism against intellectual property is outrageous.”

According to the terms of the FVPA, all public libraries will be closed permanently as of June 24.

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