Reid shelves PROTECT IP Act in response to "recent events"

Sen. Harry Reid (D-NV) is putting the PROTECT IP Act on hold. "In light of recent events, I have decided to postpone Tuesday's vote on the PROTECT IP Act," he said in a tweet.

"There's no reason that legitimate issues raised about PROTECT IP can't be resolved," he said. "Counterfeiting & piracy cost 1000s of jobs yearly."

"Americans rightfully expect to be fairly compensated 4 their work. I'm optimistic that we can reach compromise on PROTECT IP in coming weeks," he concluded.

PIPA isn't dead, but the move certainly makes passage less likely. With momentum stalled, Senators skittish about ...

Read the full story at Ars Technica

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