Senate Majority Leader Harry Reid (D-Nevada) announced this morning that he would postpone a vote on the Protect IP Act that was scheduled to happen next Tuesday.
"In light of recent events, I have decided to postpone Tuesday’s vote on the PROTECT I.P. Act," Reid said in a statement. "There is no reason that the legitimate issues raised by many about this bill cannot be resolved. Counterfeiting and piracy cost the American economy billions of dollars and thousands of jobs each year, with the movie industry alone supporting over 2.2 million jobs. We must take action to stop these illegal practices. We live in a country where people rightfully expect to be fairly compensated for a day’s work, whether that person is a miner in the high desert of Nevada, an independent band in New York City, or a union worker on the back lots of a California movie studio."
Senate Minority Leader Mitch McConnell (R-Kentucky) urged the Senate Majority Leader to shelve the bill Thursday after Internet protests caused several of its key supporters to abandon the bill.
While Reid's words may be comforting to Hollywood, the cause that he and other Senate members took up looks like it has officially been put on the sidelines for while. We will continue to follow the bill's progress (or lack thereof) in the Senate.
Source: Huffinton Post