No Stolen Trademarks Honored in America Act of 2023

HR 1505, the "No Stolen Trademarks Honored in America Act of 2023," modifies a law to prevent U.S. courts from recognizing trademark, trade name, or commercial name rights tied to business assets that were confiscated. It specifically affects individuals or entities claiming such rights who knew or should have known the mark was connected to confiscated assets, unless the original owner or successor gave consent. The bill requires courts to deny recognition of these claims unless the claimant had no knowledge of the confiscation at the time of acquisition. This change applies to all U.S. courts and executive branch entities handling such cases.