The Internet Commerce Association (InternetCommerce.org) has posted its response to the introduction of a new bill in the U.S. Congress that could have a disastrous impact on the domain industry. I analyzed the situation in our February Newsletter that is going out to our

opt-in subscribers today and also cited the key points in the ICA response to the dangerous language contained in the bill - titled The Anti-Phishing Consumer Protection Act of 2008. The problem is that while the stated purpose of this bill - curtailing the phishing epidemic - is a good one, language has been slipped into it that could severely impact honest domain name owners, including those with generic and geo domains. 

Some of the best attorneys in the domain space are working with ICA Legal Counsel Phil Corwin to call attention to the problems with the current iteration of the bill and get it changed so that phishers are the victims instead of legitimate domain owners. We would advise you to familiarize yourself with the issue by reading the ICA response, our new newsletter and the many posts on this topic at other news sites and blogs - then contacting your own representatives in Congress to protest. Your financial future could be at stake. 

The downside of having valuable assets is there are people who will try to take them away from you any way they can. It's happening now and the problem will only get worse if you don't stand up and start defending yourself, your business and your industry.

Better yet, join the Internet Commerce Association yourself so the industry will have the resources and manpower needed to counter these kinds of theats - threats that are only going to increase now that domains are a multi-billion dollar business. 
(Posted Feb. 29, 2008)