On the recordSeptember 11, 1997
I am excited today to call the attention of my colleagues to an event of awesome importance that happened today at the Massachusetts Institute of Technology. It concerns an issue that is in the process of being decided by Congress that will determine our country's prosperity, our country's security, and will determine whether or not the American people can maintain their high standard of living, their high level of standard of living as compared to the rest of the world and our competitors in the world who would drag us down. The event at MIT was a forceful communication on the part of 26 American Nobel Prize winners. These renowned economists and scientists signed an open letter to the U.S. Congress. These are the ultimate source of expertise that could possibly be called upon to advise we neophytes in Congress in making the decisions that will determine the future of our country and the well-being of our people. Mr. Speaker, what did these 26 preeminent American scholars, these Nobel laureates want to tell us? What is such a threat that the likes of Paul Samuelson and Milton Friedman, Nobel Prize winning economists, one a liberal and one a conservative, would join forces to alert our country in? These 26 Nobel Prize winners are pleading with Congress to defeat the effort to dramatically change the patent law that has served our country well since the founding of our Republic.
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