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iGoldRush Blog   November 1999

Third Attempt From House to Pass Cybersquatting Bill

November 10, 1999 in News

This time, the US House of Representative is trying to pass their cybersquatting bill (which proposes a penalty for cybersquatting violators of up to $100,000) under the blanket of a budget bill. The bill is heavily backed by large corporations and the entertainment industry, who claim that people are holding their rightful domain names for ransom. Opponents of the bill claim that it will make it easy for big corporations to bully individuals and small businesses into giving up a rightfully obtained domain name.

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