"We don't want anti-competitive behavior in our marketplace."
"A presumption of illegality is proper only when 'an observer with even a rudimentary understanding of economics could conclude that the arrangements in question would have an anti-competitive effect o..."
"And it's for that very reason that the Supreme Court has tended, over the course of the last century, to lean more toward the Rule of Reason and away from per se rules of invalidity and also from pres..."
"Mr. Orszag, so much of the discussion today, including some of your discussion with Senator Klobuchar, has focused on the potential harm to customers that consumers might incur from reverse settlement..."
"But to the extent that the existence of the patent and the existence of the current patent term as we have it set up, facilitates innovation, leads to innovation."
"Running against the shot clock here--it's something we deal with a lot in the Senate."
"In your testimony you note that we have a statutory directive that exists under current law that all patents are to be presumed valid."
"Whereas, with Rule of Reason analysis they could continue to take into account the presumption of patent validity and that would operate unhindered in that context."
"By the way, when we're in the context of a patent, isn't there something sort of internally inconsistent or contradictory about a standard that would require the patent holder in this context to produ..."
"The most important fact to consider when examining water supply issues in the Colorado River Basin is that the river and its usage are primarily governed by the Colorado River Compact of 1922."
"Water supply has been and always will be a contentious and challenging issue in the American West."
"Thank you, Mr. Chairman."