http://www.politico.com/news/stories/0112/71720.html

Reid cancels procedural vote on PIPA
By: Jennifer Martinez
January 20, 2012 09:40 AM EST

Senate Majority Leader Harry Reid has postponed a procedural vote
scheduled for Tuesday on the PROTECT IP Act, although he held out a
glimmer of hope for a compromise in an online piracy push that many
were proclaiming dead.

"In light of recent events, I have decided to postpone Tuesday's vote
on the PROTECT IP Act," Reid said in a statement.

But the Nevada Democrat said talks would continue between the warring
sides — Hollywood and content providers are on one side and Silicon
Valley and the tech community on the other.

"We made good progress through the discussions we've held in recent
days, and I am optimistic that we can reach a compromise in the coming
weeks," Reid said.

"There is no reason that the legitimate issues raised by many about
this bill cannot be resolved,” he added. “Counterfeiting and piracy
cost the American economy billions of dollars and thousands of jobs
each year, with the movie industry alone supporting over 2.2 million
jobs. We must take action to stop these illegal practices.”


This article first appeared on POLITICO Pro at 9:36 a.m. on January 20, 2

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