Issa Applauds Passage of Patent Reform Bill to Protect and Promote American InnovationDecember 5, 2013
WASHINGTON. D.C. – On a bipartisan vote of 325-91, today the House of Representatives passed the Innovation Act (H.R. 3309) – a bill originating from the House Judiciary Committee that combats abusive patent litigation. Currently, bad actors known as patent ‘trolls’ target American businesses and file frivolous lawsuits with the sole purpose of extorting settlements.
“Abusive patent litigation is a drag on our economy,” said House Judiciary Committee Member Rep. Darrell Issa, who holds 37 patents. “Patent trolls manipulate the system, forcing businesses and entrepreneurs to spend millions of dollars on settlements and litigation expenses instead of using that capital to create new jobs, fund research and development, and create new technologies.”
“Today’s passage of the Innovation Act takes a pivotal step towards eliminating abuses and protecting American innovators. I urge my colleagues in the Senate to take immediate action to prevent patent trolls from further targeting businesses and taking money directly out of the pockets of hard-working Americans.”
For more information on H.R. 3309, please click here.