Maybe....I refuse to be delusional at this point....
The controversial legislation will be withheld for 'wider agreement'Political speak makes me crazy!
Source:msnbcSAN ANTONIO — Lawmakers on Friday indefinitely postponed anti-piracy legislation that pits Hollywood against Silicon Valley, two days after major Internet companies staged an online protest by blacking out parts of prominent websites.Senate Democratic leader Harry Reid postponed a showdown vote in his chamber on the Protect Intellectual Property Act, or PIPA for short, that had been scheduled for January 24.
Lamar Smith, the Republican chairman of the House of Representatives Judiciary Committee, followed suit, saying his panel would delay action on similar legislation called the Stop Online Piracy Act, or SOPA, until there is wider agreement on the legislation.
"I have heard from the critics and I take seriously their concerns regarding proposed legislation to address the problem of online piracy," Smith told Reuters in a telephone interview.
"It is clear that we need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products," Smith said in a statement.
The bills are aimed at curbing access to overseas websites that traffic in pirated content and counterfeit products, such as movies and music. But support for the legislation has eroded in recent days because of fears that legitimate websites could end up in legal jeopardy.
The entertainment industry wants legislation to protect its movies and music from counterfeiters, but technology companies are concerned the laws would undermine Internet freedoms, be difficult to enforce and encourage frivolous lawsuits.
On Wednesday protests blanketed the Internet, turning Wikipedia and other popular websites dark for 24 hours. Google, Facebook, Twitter and others protested the proposed legislation but did not shut down.
In a brief statement, Reid said there was no reason why concerns about the legislation cannot be resolved. He offered no new date for the vote.
Reid's action comes a day after a senior Democratic aide, speaking on the condition of anonymity, said the measure lacked the 60 votes needed to clear a procedural hurdle in the 100-member Senate.
A handful of senators who had co-sponsored the legislation dropped their support after Wednesday's protests started.
Reid expressed hope on Friday that Senate Judiciary Committee Chairman Patrick Leahy, who has been shepherding the bill through Congress, could help resolve differences in the legislation.
"I am optimistic that we can reach a compromise in the coming weeks," Reid said.
Leahy said in a statement that he was committed to addressing online piracy and hoped other members of Congress would work with him to get a bill signed into law this year.
"But the day will come when the Senators who forced this move will look back and realize they made a knee-jerk reaction to a monumental problem," he said.
"Criminals who do nothing but peddle in counterfeit products and stolen American content are smugly watching how the United States Senate decided it was not even worth debating how to stop the overseas criminals from draining our economy," Leahy said.
(Msnbc.com is a joint venture of Microsoft and Comcast/NBC Universal. Microsoft publicly opposes SOPA in its current form, while Comcast/NBC Universal is listed as a supporter of SOPA on the House Judiciary Committee website.)
@CNNMoneyTech January 20, 2012: 12:52 PM ETSource:CNNMoney
NEW YORK (CNNMoney) -- When the entire Internet gets angry, Congress takes notice. Both the House and the Senate on Friday backed away from a pair of controversial anti-piracy bills, tossing them into limbo and throwing doubt on their future viability.
The Senate had been scheduled to vote next week on the Protect IP Act (PIPA) -- a bill that once had widespread, bipartisan support. But on Friday, Senate Majority Leader Harry Reid said he was postponing the vote "in light of recent events."
Meanwhile, the House of Representatives said it is putting on hold its version of the bill, the Stop Online Piracy Act (SOPA). The House will "postpone consideration of the legislation until there is wider agreement on a solution," House Judiciary Committee Chairman Lamar Smith said in a written statement.
The moves came after several lawmakers flipped their position on the bills in the wake of widespread online and offline protests against them.
Tech companies, who largely oppose the bills, mobilized their users this week to contact representatives and speak out against the legislation. Sites including Wikipedia and Reddit launched site blackouts on January 18, while protesters hit the streets in New York, San Francisco, Seattle and Washington, D.C. Google ( , Fortune 500) drew more than 7 million signatures for an anti-SOPA and PIPA petition that it linked on its highly trafficked homepage.
The tide turned soon after the protest, and both bills lost some of their Congressional backers.
"I have heard from the critics and I take seriously their concerns," Smith said Friday in a prepared statement. "It is clear that we need to revisit the approach on how best to address the problem of foreign thieves."
PIPA and SOPA aim to crack down on copyright infringement by restricting sites that host or facilitate the trading of pirated content. (Click here for our explainer: What SOPA is and why it matters.)
What you need to know: What is Sopa?