In 120 days, a person in New York state will no longer be able to register a domain name that is similar to or the same as another living person or business. The law, sponsored by state Sen. Betty Little, R-Queensbury, is aimed at internet users who turn a profit by purchasing a domain name and then selling it back to the namesake.For more on this article, see http://adirondackdailyenterprise.com/news/articles.asp?articleID=8132 or http://www.circleid.com/posts/law_domain_registration_another_person/

Senator Little’s news release:
Senator Little’s domain name law signed
A measure sponsored by Senator Betty Little (R,C,I-Queensbury) aimed at preventing a person from registering a domain name that is similar to or the same as another living person or business with the specific intent to profit from selling the domain name to that person or business has been signed into law.
http://senatorlittle.com/press_archive_story.asp?id=17598