Us Senate Clamps Down On Cybersquatting
Posted on 08 Aug 1999
by Dave McLean (damclean)
Rated 3.89 (Ratings: 0)
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The United States Senate passed a bill late Thursday that would impose a $100,000 fine for anyone registering a domain name, associated with an owned trademark, with the bad-faith intent of selling it for a profit.
The bill is actually a refined version of an ealier bill that would have restricted the use of trademarks in domain names for other purposes, such as spoof or protest sites like www.PepsiBloodBath.com.
As per usual, however, the bill can only be used in the US, leaving the profiteering market open to the rest of the world.For more details, and the complete story, check out CNN.com.