H.R. 9: Innovation Act (click here)
Rep. Rohrabacher brought opposition to the House floor to stop HR 9 that will be introduced in the next week or so.
To amend title 35, (click here) United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections, and for other purposes.
The bill is to follow this section. Section 281 is very simple. It proves civil action on infringement. The entire sections states:
35 U.S. Code § 281 - Remedy for infringement of patent
A patentee shall have remedy by civil action for infringement of his patent.
Rep. Rohrabacher wants HR 9 defeated to protect the US patent process. Instead, he would like to see Senator Christopher Coons' Senate bill 632 passed.
March 2, 2015
By Jeff John Roberts
“Be careful about changing patent law (click here) — it could harm innovation,” is a
favorite talking point for those who oppose plans to reform to America’s
troubled patent system. But what if the opposite is true? What if it’s
the status quo, in which patent trolls sock productive companies with
abusive lawsuits, that is hurting innovation?
That’s
the position of more than 50 law
professors and economists, who submitted a letter to Congress,
encouraging elected officials to do something about the current mess. In
one striking passage, the academics suggest patent trolls (also known
as PAE’s) are wreaking havoc on both R&D and venture capital
investing:
“An econometric analysis finds that the more R&D a firm performs, the more likely it is to be hit with a patent lawsuit, all else equal. Another study associates lawsuits from PAEs with a decline of billions of dollars of venture capital investment; another found that extensive lawsuits caused small firms to sharply reduce R&D spending; and yet another found that costly lawsuits caused publicly listed defendant firms to substantially curtail R&D spending,” said the letter (the cited studies can be found in the letter below)....
