A resolution recognizing the importance of trademarks in the economy and the role of trademarks in protecting consumer safety, by designating the month of July as "National Anti-Counterfeiting and Consumer Education and Awareness Month".
Impact
The resolution acknowledges the financial toll of counterfeiting on the United States economy, which has seen losses exceeding $200 billion annually due to counterfeit goods. It leads to significant job losses, estimated at over 750,000, and substantially reduced tax revenues. By raising awareness through a dedicated month, the resolution seeks to curtail the prevalence of counterfeit goods and encourage a more informed public that is better equipped to avoid unsafe products. This initiative indirectly supports existing laws like the Lanham Act, which regulates trademarks and seeks to combat counterfeiting.
Summary
SR314 is a resolution that recognizes the importance of trademarks in the economy and emphasizes their role in protecting consumer safety. Specifically, it designates the month of July 2025 as 'National Anti-Counterfeiting and Consumer Education and Awareness Month.' The bill highlights the significant issues surrounding counterfeit products, including their potential dangers to consumers' health and safety, particularly for vulnerable populations such as children and seniors. The resolution aims to raise public awareness about the harms of counterfeiting and the importance of safeguarding intellectual property rights.
Contention
While SR314 itself is a resolution and less likely to encounter direct legislative contention compared to a bill, the underlying issues of counterfeiting and trademark protection have historically sparked debate. Supporters argue that enhanced awareness and education will contribute to consumer safety and economic health, while critics may contend that the focus on trademarks could undermine efforts to address broader issues of quality control and regulatory oversight across the supply chain. There is a persistent need for comprehensive strategies to combat the rise of counterfeit products, especially given the exponential growth of e-commerce.
A resolution recognizing the importance of trademarks in the economy and the role of trademarks in protecting consumer safety, by designating the month of July as "National Anti-Counterfeiting and Consumer Education and Awareness Month".
A resolution recognizing the importance of trademarks in the economy and the role of trademarks in protecting consumer safety, by designating the month of August as "National Anti-Counterfeiting and Consumer Education and Awareness Month".
A resolution expressing support for the designation of the month of June 2024 as "National Post-Traumatic Stress Awareness Month" and June 27, 2024, as "National Post-Traumatic Stress Awareness Day".