The IP Commission Report
American companies are suffering the loss of hundreds of billions of dollars a year due to intellectual property theft by foreign entities. This loss has tremendous implications for the future competitive, strategic, and economic outlook of the United States.
- IP theft costs American businesses more than $300 billion a year
- If IP were to receive the same protection overseas that it does here, the American economy would add millions of jobs
- The incentive to innovate drives productivity growth and the advancements that improve the quality of life. The threat of IP theft diminishes that incentive