CPF Statement of Support on the Introduction of The Innovation Act of 2013
FOR IMMEDIATE RELEASE: October 23, 2013
WASHINGTON, D.C. - The Coalition for Patent Fairness today thanks Chairman Goodlatte and Representatives DeFazio, Coble, Lofgren, Smith, Eshoo, Chaffetz, Farenthold, and Bachus for the introduction of The Innovation Act of 2013. Patent assertion entities, otherwise known as patent trolls, are shameless in their efforts to hold up legitimate businesses through threat letters and abusive lawsuits, and it is time for Congressional action to defend America’s businesses against these attacks.
This legislation takes a major step forward in curbing the worst abuses of patent trolls, and CPF supports efforts to move the bill promptly through the House Judiciary Committee and toward full House approval as quickly as possible. CPF believes that this bill would directly address the harm to the economy posed by patent assertion entities, estimated at more than $29 billion per year, not counting the value of lost innovation.
Chairman Goodlatte’s bill will both increase transparency and help restore balance to our patent system. We look forward to working with Chairman Goodlatte, Representative DeFazio and their colleagues on the House Judiciary Committee on a bipartisan basis in order to continue to ensure that American businesses are protected against aggressive, anticompetitive attacks by patent trolls in the future.
The Coalition for Patent Fairness is a diverse group of companies and industry associations dedicated to enhancing U.S. innovation, job creation, and competitiveness in the global market by modernizing and strengthening our nation’s patent system.
Contact: Kate Connors, Kate.Connors@StoryPartnersDC.com
For more information, visit http://www.patentfairness.org.
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