Q. So much for handbags—what about Oscar gowns and other clothing?

A. In the U.S., knocking off clothing (without using a fake label or logo) is legal, although creative types have been trying to change that for at least a century. On March 30, 2006, a new bill that would give designers protection against copyists was introduced in Congress. It’s supported by designers like Zac Posen and Diane von Furstenberg, who understand that the current situation is particularly hard on emerging designers who are more likely to have their designs than their labels stolen, and thus are not able to fight back. And if the law passes, it will give a whole new meaning to articles like Marie Claire’s regular “Splurge or Steal?” feature.

Q. But this is fashion—everybody copies everybody else! How else would we know that ballet flats and trapeze dresses are “in” for summer?

A. The new law would apply only to very close copies, not trends or inspiration. But it could bring about some changes—just over a decade ago, YSL sued Ralph Lauren for copying an evening gown under a similar law in France, and won.

Q. Can I get arrested or fined for just buying a fake?

A. Not in the U.S., but both France and Italy have recently passed laws targeting consumers of counterfeit merchandise. Also, if you go on vacation outside the U.S. and try to bring back illegal fakes, both you and the merchandise could be stopped at customs. But hey, at least you’ll have a great tan in your mug shot.

The bottom line, from a legal perspective anyway, is that selling and even buying fakes can be risky—but the choice is up to you. Will it be a cheap designer knockoff or an original at an affordable price point? Class dismissed—it’s time to shop!