Bill Would Ban Defense Contractors From Seeking Royalties On Toy Models

Law360, New York (June 5, 2005, 12:00 AM EDT) -- A measure in a Defense Authorization bill pending in U.S. Congress would ban defense contractors from seeking royalties on toys modeled after airplanes, helicopters and other types of military equipment.

In a voice vote just before Memorial Day, the U.S. House of Representatives approved the amendment to the 2006 Defense Authorization bill that would ban defense contractors from exacting royalties for toys based on military equipment funded by U.S. tax payers. The Senate has not yet acted on the proposal.

The amendment, sponsored by New Jersey...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.