A bill to expand the sharing of information with respect to suspected violations of intellectual property rights in trade.

S.2677 was introduced by Senator Grassley (R-IA) on August 1, 2025, and referred to the Senate Committee on Finance. It remains in early legislative stage with only one cosponsor (Sen. Hassan). An identical companion bill HR4930 passed the House (motion to reconsider laid on the table), indicating bicameral support, but the Senate version has not advanced past committee referral in over 8 months. The bill amends Section 628A of the Tariff Act of 1930 to: (1) raise CBP's standard from 'suspects' to 'reasonable suspicion' for information requests, (2) expand the scope of shared data to include packing materials, shipping containers, and crucially, nonpublic information generated by online marketplaces, express consignment operators, and freight forwarders, and (3) broaden the definition of authorized persons to include 'any other party with an interest in the merchandise' as determined by the CBP Commissioner. The money trail is zero — this is an authorization bill with no direct appropriations. It changes information-flow rules, not spending. CBP operates on existing appropriations; enforcement costs would be absorbed within the agency's current budget. Private sector compliance costs are regulatory in nature, not funded by the government. The mechanism is entirely procedural: it expands what data CBP can collect and share, and with whom it can share it. Structural winners are brand owners with strong IP portfolios and counterfeit exposure — specifically Nike ($NKE), but also by implication companies like LVMH (not publicly traded in US), Ralph Lauren ($RL), and G-III Apparel ($GIII). These companies gain enhanced enforcement capability without direct cost. Structural losers are logistics intermediaries and marketplace platforms facing increased compliance burden and potential liability. FedEx ($FDX) and UPS ($UPS) face the most direct operational impact as express consignment operators already under CBP scrutiny. Amazon ($AMZN) and eBay ($EBAY) face data-sharing requirements that may increase friction with third-party sellers, though eBay's peer-to-peer model has lower counterfeit exposure than Amazon's marketplace. Real market data shows: $AMZN at $259.7 (near 52-week high of $264.5, +30.28% in 30 days) — the bill has zero detectable effect on Amazon's price trajectory, consistent with its low materiality. $EBAY at $100.36 (-4.99% in 7 days, +14.07% in 30 days) shows volatility unrelated to this legislation. $FDX at $390.21 (+13.44% in 30 days) and $UPS at $103.94 (+9.64% in 30 days) are both in uptrends driven by broader logistics demand, not IP enforcement policy. $NKE at $45.03 (-12.34% in 30 days, near 52-week low of $42.09) — the stock is under pressure from independent brand and demand issues; this bill provides a structural tailwind for IP enforcement but is immaterial to current fundamental headwinds. Timeline: The bill has been stalled in committee for 8+ months despite passing the House companion bill. Senate Finance Committee action is required for further progress. With only one cosponsor and no markup activity, the probability of passage in the current session is low. If it advances, the most likely path is inclusion as a rider in a larger must-pass trade or customs authorization bill, which would require further committee action and floor time. The 119th Congress runs through January 2027, so the bill has ~20 months remaining for potential action.