S746-118

1. Short title This Act may be cited as the No Stolen Trademarks Honored in America Act.

2. Modification of prohibition Section 211 of the Department of Commerce and Related Agencies Appropriations Act, 1999 (as contained in section 101(b) of division A of Public Law 105–277; 112 Stat. 2681–88) is amended— in subsection (a)(2)— by inserting or entity of the executive branch after U.S. court; by striking by a designated national; and by inserting before the period at the end the following: that was used in connection with a business or assets that were confiscated unless the original owner of the mark, trade name, or commercial name, or the bona fide successor-in-interest has expressly consented; in subsection (b)— by inserting or entity of the executive branch after U.S. court; and by striking by a designated national or its successor-in-interest; by redesignating subsection (d) as subsection (e); by inserting after subsection (c) the following: Subsections (a)(2) and (b) of this section shall apply only if the person or entity asserting the rights knew or had reason to know at the time when the person or entity acquired the rights asserted that the mark, trade name, or commercial name was the same as or substantially similar to a mark, trade name, or commercial name that was used in connection with a business or assets that were confiscated. in subsection (e), as so redesignated, by striking In this section: and all that follows through (2) The term and inserting the following: In this section, the term. (d)Subsections (a)(2) and (b) of this section shall apply only if the person or entity asserting the rights knew or had reason to know at the time when the person or entity acquired the rights asserted that the mark, trade name, or commercial name was the same as or substantially similar to a mark, trade name, or commercial name that was used in connection with a business or assets that were confiscated.; and