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Short Take: Clinton signs NET Act

President Clinton signed Rep. Bob Goodlatte's (R-Virginia) No Electronic Theft Act, according to Bloomberg Online News. Under the new law, parties could be found guilty of online piracy even if they never profit from sharing, bartering, or exchanging unauthorized copies of software, music, or literature over the Net. The so-called NET Act makes it a federal crime if the value of the pirated material is $2,500 or more.

    President Clinton signed Rep. Bob Goodlatte's (R-Virginia) No Electronic Theft Act, according to Bloomberg Online News. Under the new law, parties could be found guilty of online piracy even if they never profit from sharing, bartering, or exchanging unauthorized copies of software, music, or literature over the Net. The so-called NET Act makes it a federal crime if the value of the pirated material is $2,500 or more.