Today I would like to alert my colleagues, Democrats and Republicans, and I would like to alert the American people that there is a monstrous piece of legislation that will do great damage to our country and to the welfare of the American people making its way through the Judiciary Committee. In fact, the Judiciary Committee will have a markup this Thursday of what is called the American Innovation Act, H.R. 9. This, in reality, is the anti-innovation act. It is one of the most egregious examples of crony capitalism that I have witnessed in this body as I have been here for the last 26 years. This legislation uses a legitimate problem, which is frivolous lawsuits, and then portends to solve that problem by dramatically restricting the right of all Americans to sue in order to address those who have violated their rights in the name of usurping those who have been called patent trolls. A patent troll is someone who has purchased the right for a patent from an inventor and now has that property right himself. In the name of restricting those patent trolls from enforcing the right that they have bought from the inventor, they are dramatically restricting those people, both the inventors and anyone else who owns these intellectual property rights known as patents. Early provisions of this bill, and almost every provision of this bill, make it more difficult for the inventor to protect himself against the theft of huge corporations.…
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