Political Quotes

“the American intellectual property system is rightly held as the global standard for promoting innovation and driving economic growth. This is particularly true of our patent system, which was recently updated and strengthened for the 21st century by the Leahy-Smith America Invents Act. The fundamental truth that our Founders recognized more than 200 years ago--that limited exclusive rights for inventors incentivize research and development-- continues to benefit consumers and the American economy at large. These limited rights can also be applied to incentivize research and discoveries that advance humanitarian needs. In my time in the Senate, I have worked to promote policies that encourage intellectual property holders to apply their work to address global humanitarian challenges. Today, I am pleased to join with Senator Coons in reintroducing the Patents for Humanity Program Improvement Act to again advance such policies. This legislation improves on a program created by the United States Patent and Trademark Office, PTO, last year. The PTO's Patents for Humanity Program provides rewards to selected patent holders who apply their technology to a humanitarian issue that significantly affects the public health or quality of life of an impoverished population. Those who receive the award are given a certificate to accelerate certain PTO processes.…”