Coalition for Patent Fairness Statement on Patent Fee Integrity Act
FOR IMMEDIATE RELEASE: March 13, 2014
Washington, D.C. – The Coalition for Patent Fairness (CPF) thanks Senator Dianne Feinstein (D-CA) for introducing the Patent Fee Integrity Act.
As patent holders, CPF members recognize the importance of an adequately funded U.S. Patent and Trademark Office (PTO). We applaud Senator Feinstein for taking steps to ensure that the PTO has the resources it needs to fulfill its essential mission and to maintain patent quality.
Improving patent quality is a vital piece of the patent puzzle. When patent quality suffers, innovation throughout America’s economy is stymied, and patent trolls are able to prosper. Quite clearly, patent reviews conducted today will have a lasting impact in the future; by helping to establish adequate funding of the PTO, the Patent Fee Integrity Act will support innovation.
The U.S. patent system plays an important role in helping America’s economy flourish, and abuses of that system pose a significant threat to innovation and economic growth. We thank Senator Feinstein for her leadership and will continue to work with her and her colleagues toward the passage of patent litigation reform.
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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.