House Committee: ISPs Must Block Scam Sites

The House Financial Services Committee passed the Investor Protection Act which would require Internet service providers to filter fraudulent sites and e-mails that falsely claim to be from certain brokerage firms affiliated with the Securities Investor Protection Corporation (SIPC) if the ISP is "aware of facts or circumstances from which it is apparent that the material contains a misrepresentation." If the communications are not blocked, ISPs could be liable for damages.