The legislation H. R. 1505, titled the "No Stolen Trademarks Honored in America Act of 2023," aims to modify existing U.S. laws regarding the recognition of rights to certain trademarks, trade names, or commercial names. It amends a section of the 1999 Department of Commerce and Related...
Simple Explanation
The bill says that U.S. courts can't recognize rights to a trademark if it's linked to confiscated stuff unless the real owner agrees, and the person trying to use it knew about the confiscation.