The Targeting Rogue and Opaque Letters Act (TROL Act) is a bill crafted by the House Energy and Commerce Committee aimed at stopping abusive patent demand practices. We support the approach taken in the TROL Act because we believe this is a balanced solution that punishes bad actors while preserving the ability of legitimate patent holders to protect their property rights.
If it’s consistency you seek, the people and companies promoting patent reform have certainly delivered. They have an uncanny ability to identify the “bad guy” and play out that storyline whether it’s based in fact or not. Since the latest efforts at patent reform were put on hold a couple of weeks ago, we have learned of two potential sources of villainy: Senate Majority Leader Harry Reid and those pesky Trial Lawyers (so easy to hate).
Big victory today as Senate Judiciary Chairman Leahy (D-VT) delayed patent legislation once again. As we have said in the past, we don't believe that this bill is being given the time and consideration it deserves.
We are hopeful that Congress recognizes that we need more time to craft a bill that will help American innovators while reducing unnecessary patent litigation. A statement was released from Edison Nation, USIJ and Entrepreneurs for Growth supporting the decision.
Read the full statement below:
Why is Congress considering patent reform legislation that will chill R&D investment, devalue patents and create an unfairly balanced environment for large infringers vs. small inventors? That was the theme on April 1, when Bloomberg Government held an in-depth panel discussion in Washington, DC about the potential overhaul of the patent system. The discussion had panelists from the U.S. Patent and Trademark Office, Federal Trade Commission, Association of American Universities, Samsung Electronics, and more.
Save the Inventor will be hosting a tweet chat on April 28, 2014. We have serious concerns that some of the measures under consideration far exceed what is necessary to target abusive patent litigation. Come join us as we discuss the current patent legislation before Congress.
Patent Reform Chat Details
Date: Monday, April 28th
Time: 4 pm EST
It was a fast paced week on the Hill as Goodlatte's Innovation Act, H.R. 3309 was passed by the House Judiciary Committee. We expect more break neck speed action after the Thanksgiving holiday, as the bill makes its way toward a House vote.
Here are a few highlights from the week in media: