Congress puts PIPA and SOPA on back burner

Put down the champagne, protesters, it’s not over yet … The industry payback search for electing Obama is still ongoing … Lobbyist bribery goes to waste for once, as Rep. Smith is forced to “postpone” SOPA indefinitely..

Political leaders have cancelled plans to vote on the SOPA and PIPA legislation currently before Congress, saying more time is needed to examine the issue.

Nevada senator Harry Reid, who is shepherding PIPA through the Senate, announced that he would postpone a vote on the bill that was scheduled for next week “in light of recent events.” Nevertheless, he praised the proposed legislation and said he looked forward to eventually getting it to a vote.

“We must take action to stop these illegal practices,” he said in a statement. “We live in a country where people rightfully expect to be fairly compensated for a day’s work, whether that person is a miner in the high desert of Nevada, an independent band in New York City, or a union worker on the back lots of a California movie studio.”

Shortly afterwards, House Judiciary Committee Chairman Lamar Smith said that the SOPA legislation currently in the House of Representatives would be put on hold, but warned that the government would have to pass some kind of legislation to deal with foreign thieves.

The MPAA signaled its determination to carry on the fight in a brief statement on the matter.

Anyone else note that the existing laws didn’t seem to hinder any of the police agencies in the take-down of Megaupload?

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