President Bush signed H.R.32, the "Stop Counterfeiting in Manufactured Goods Act," today. Basically, it rephrases the current criminal law prohibiting trade in counterfeit goods to also prohibit trading in counterfeit labels. Although it deals primarily with trademark counterfeiting (18 U.S.C. 2320), there are some miscellanous IP-related items in it. Bush doesn't make too many public comments on IP (or even use the word "intellectual" much), so it's interesting to see this video of his signing speech. "One of the problems we have is that people feel comfortable, at times, in trying to take a shortcut to success in the business world." Indeed.