I hope everyone had a great holiday season and for those of you in the office, are having a smooth transition back.
2012 came to a crazy year end for Congress, and while they may have resolved the income tax portion of the fiscal cliff, they postponed the rest of the open issues until 2013. We'll have to wait and see how that drama plays out in this first quarter. But here is the good news: the Fashion Copyright Bill, currently known as Innovative Design Protection Act of 2012 (S. 3523) (IDPA) or the Destruction of Affordable Fashion Act as we call it here at the Fashion Law Blog, has (once again) died in Congress.
Why? Because the 112th Congress has ended and the bill was not passed into law.
What does that mean for the Fashion Industry?
The status quo remains, at least for now. My guess is CFDA darling Senator Schumer will introduce some form of the Act for a seventh time in this next session as this is one piece of legislation that just keeps desperately trying to live another day.