innovation is the lifeblood of the American economy. Thanks to our Founders, our Constitution anticipated the power of innovation and enshrined the basic idea that inventors should be given the incentive to do what they do best. The intellectual property clause has pushed the United States to be the longstanding global leader in innovation. Unfortunately, like too many other aspects of our society, the benefits of our innovation ecosystem have not been equally felt by Americans from all backgrounds. Today, I am proud to introduce the bipartisan Unleashing American Innovators Act, legislation that will make the patent system more accessible to Americans from all backgrounds and ensure that we do more to harness the untapped potential that exists in our country. The Unleashing American Innovators Act builds on a legacy of broadening access to the patent system that I am particularly proud of. Ten years ago last week, Congress passed the Leahy-Smith America Invents Act, which was the most significant update to our patent laws in nearly sixty years. Under the Leahy-Smith Act, we created a network of U.S. Patent and Trademark Office (PTO) satellite offices around the country, bringing the PTO closer to where Americans actually innovate. We lowered fees for small businesses and created a new micro-entity status to lower fees even further. We also created a Patent Pro Bono program to help make legal resources more accessible to prospective inventors.…
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