Political Quotes

“Mr. President, the U.S. is the world's leader in innovation. Yet today, our patent system--which has allowed generations of inventors, innovators, and entrepreneurs to thrive--is under attack from bad actors, also known as ``patent trolls''. Abusive patent litigation is stifling the innovation and entrepreneurship that our patent system has been designed to protect. Over the last decade, there has been an explosion in the growth of this type of harmful litigation as those who exploit abusive patent litigation tactics for financial gain have taken aim at businesses operating in every sector of our economy. From Main Street to Wall Street to Silicon Valley, from start-ups to neighborhood restaurants to major retailers--businesses and consumers across the country are being harmed. Because of this abuse, innovative companies spend less time and resources on research and innovation, and often must have their talented workforce devote many man-hours to defending against baseless claims. This comes at the expense of discovering that next medical breakthrough or rolling out new technologies that will create jobs. Patent trolls prey on businesses by filing frivolous lawsuits and employing an array of heavy-handed and deceptive tactics to scare plaintiffs into settlements.…”