Political Quotes

“the American patent system has long been the envy of the world. Two years ago, Congress took important action to update and modernize this system for the 21st century by passing the Leahy-Smith America Invents Act. The Leahy-Smith act has made key improvements to the patent system, strengthening it for the long term. Unfortunately, there are bad actors who are misusing the system by unfairly targeting small businesses and others with lawsuits that are often based on low-quality patents. That is why I joined on Monday with Senator Lee, Senator Whitehouse, and Senator Klobuchar to introduce legislation that will build upon the success of the Leahy-Smith act and curb abuses by so-called patent trolls. The Patent Transparency and Improvements Act will take important steps to rein in the most egregious abuses of the patent system. It will improve transparency of patent ownership so that trolls cannot hide behind shell corporations and obscure the true owner of the patents that are being asserted. It will help customers who are sued simply for using a product that they purchased by allowing the case against them to be stayed while the product's manufacturer litigates the suit. The Patent Transparency and Improvements Act will also take steps to crack down on abuses of demand letters that are all too often sent to small businesses simply to extort monetary settlements.…”