The theft of "intellectual property" is the subject of a bill being introduced by both Indiana Senator Evan Bayh and Congressman Joe Donnelly. The problem is huge, with a projected impact on U.S. businesses estimated to be $850 billion dollars this year.
Local businessman Tim Demarais from South Bend's Abro Industries had evidence! He showed his companies an adhesive product that was copied almost exactly by a Chinese company.
In fact, the photo on the package made locally features his wife.. and the Chinese knock-off has a photo of a Chinese woman superimposed!
"The people that are counterfeiting are stealing patents, trademarks, ideas and designs for their own benefit," said businessman Tim Demarais. "Using it for their own benefit at the sacrifice of the people that actually developed these ideas."
"They cheat because it works for them," said Senator Evan Bayh. "And they're going to continue to cheat as long as they can. And they're only going to stop when we get serious about it and make them pay a bigger price for cheating than the benefit they derive from cheating. That's the bottom line."
Bayh says overseas firms should compete, not cheat.
Bayh and Donnelly propose some type of sanctions against companies that copy American products and sell them as their own.