This week we hear more about the positive effects of the Targeting Rogue and Opaque Letters Act, or TROL Act. This bill is one step in the right direction towards smart patent reform. The TROL Act would put restrictions on the "demand letters" companies send threatening patent infringement lawsuits.
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).
Last week saw a step in the right direction as Senate Judiciary Chairman Leahy (D-VT) delayed patent legislation once again. We have repeatedly stated that this bill needs more time and careful consideration, and it’s starting to look like that is being recognized in Washington.
This week’s roundup includes articles from high profile news outlets such as Slate and Re/code, as well as a statement from a group of American inventors regarding Leahy's decision to delay patent legislation.
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:
More advocacy organizations and additional trade groups continue their lobbying effort approaching the proposed markup date, and previously unheard groups are finally speaking out.
A group consisting of over 200 universities, startups and other companies sent a letter on Tuesday, 4/29 warning of the potential consequences that will result from changes that they say “go far beyond what is necessary or desirable to combat abusive patent litigation.”
A special meeting with White House IP counsel Colleen Chien and patent holding companies was held this week to discuss an initiative to make prior art holdings more accessible for officials at the Patent and Trademark Office. This would reduce the number of patents granted, which would therefore improve overall patent quality and limit potential for abusive litigation.
Innovators are finally speaking up and joining forces in the fight against patent reform. This week, over 2000 independent inventors signed a letter to Congress expressing their deep concern over the proposed legislation.
Despite good intentions, current legislation still contains provisions that are deeply troubling to many stakeholders. Universities, engineers, small businesses, manufacturers, venture capitalists, and inventors have read between the lines:
Patent reform has the potential to weaken the United States Patent System. Weakening our patent integrity would have a direct effect on independent inventors, small entities, employment rates and the U.S. economy, not to mention our global influence.
Watch this video of Dr. Greg Raleigh, Founder & CEO of ItsOn, talk about the U.S. Patent System and how patents incentivize incredible risk for innovators across the country.