let me just suggest to my friends that H.R. 400 is a very good bill. We have heard about corporatizing the U.S. Patent Office, new word, ``corporatizing.'' There is more oversight over the corporate U.S. Patent Office than if we kept it as a bureau of the Department of Commerce. There will be an inspector general. There are reporting requirements to Congress. There are reporting requirements to the administration. The Government Cooperation Control Act has over 100 accountability provisions plus there is an advisory board, so that is a red herring. What is really at stake in this issue, and I could not imagine patent law could be made exciting or interesting, but we have submarines floating around. I expect to see periscopes surfacing during this debate because that is what this is all about, protecting people who do not invent to make society a better place but to make a fast buck. They file their applications and God forbid they should be published. They want to keep it below the surface so some poor guy who goes into business and is using a process and they find out about it, they surface, up periscope, and sue. And one person made $450 million doing that. His lawyer made $150 million, and they tell us submarine patenting is not a problem. If you want to protect your invention, you have to file overseas. And when you file, it is published after 18 months.…
Editor's note · Context
Discussing the implications of H.R. 400 regarding the U.S. Patent Office and submarine patenting.
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