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Cybersquatting is the act of registering a popular Internet address--usually a company name--with the intent of selling it to its rightful owner. Comparing cybersquatting to online extortion, Senator Spencer Abraham, a Michigan Republican, has introduced to Congress the Anti-Cybersquatting Consumer Protection Act.
Anti-Cybersquatting: ACPA and UDRP In 1999, the U.S. government passed the Anti-Cybersquatting Consumer Protection Act (ACPA), which enables trademark holders to obtain civil damages up to USD $100,000 from cybersquatters. While not directly outlawing cybersquatting, it was an attempt to improve the situation.