On the recordApril 26, 2016
Mr. President, the United States is one of the most dynamic and innovative countries in the world. Our Nation's success in areas such as agriculture, manufacturing, computer technology, and medicine can be traced in large measure to our respect for, and protection of, intellectual property. Every year on this day, April 26, we have the opportunity to recognize the important role of intellectual property rights in the fabric of our society when we celebrate World Intellectual Property Day. Nearly 230 years ago, our Founding Fathers recognized the importance of intellectual property and made provisions for its promotion and protection in the Constitution. Article I, section 8, clause 8 empowers Congress ``to promote the Progress of Science and Useful arts, by securing, for limited Times, to Authors and Inventors, the exclusive Right to their respective Writings and Discoveries.'' Since that time--and stemming from these values--intellectual property has played a vital role in our economy, supporting jobs and advancing creative and scientific industries. In our modern, innovation economy, patents, trademarks, copyrights, trade secrets, and other forms of IP are more critical than ever. As the Global Intellectual Property Center recently pointed out in their broad survey of Intellectual Property in America, IP-intensive industries employ over 40 million Americans, accounting for 38 percent of total U.S. gross domestic product.…





