Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Goodlatte To Announce Patent Litigation Bill Today
WASHINGTON (10/22/13)--The head of the House Judiciary Committee, Rep. Bob Goodlatte (R-Va.), announced that he will introduced a bill today to address the "ever-increasing problem" of abusive patent litigation.
 
Goodlatte said Tuesday that he would unveil the bill at a press availability session at 11 a.m. (ET) today on Capitol Hill.
 
Critics of the current patent system say the problem involves some patent holders who are abusing the system. Rather than incentivizing the creation of the next-generation of advancements, they say, the abusers are instead suing unsuspecting consumers and extorting settlements.

It is a concern shared by the Credit Union National Association, which signed onto a joint letter to Congress in July that was supported by 42 trade associations in Washington, D.C., and which urged statutory changes.
 
At that time CUNA expressed deep concerns about the "patent troll" issue because credit unions have become a target of the abusive practices.
 
On the Senate side, Sens. Patrick Leahy (D-Vt.) and Mike Lee (R-Utah) penned an opinion piece in Politico.com last month that stated in no uncertain terms their belief that abuse of the country's patent system must be addressed.

The senators announced they are working to craft bipartisan legislation in the Senate to address abusive practices and restore confidence in the American patent system.
 
They said their bill will "increase the transparency of patent ownership, protect the customer of a patented product when the manufacturer should really be the defendant and improve the process for reviewing patents at the U.S. Patent and Trademark Office."


RSS print
News Now LiveWire
USFCU, Minn., hosts small business networking night. http://t.co/CBFHpJTFZe
2 hours ago
Number of @CUNA-certified fin. counselors hits 2,175 http://t.co/3fQGcdxyLO
3 hours ago
Jobless claims drop by 19,000 this week #Market #NewsNow http://t.co/LSqaYCsmX4
4 hours ago
#RBC draws letters from @SenatorBegich, @SenShelby to @TheNCUA See #NewsNow http://t.co/JvLBwkHwxF
5 hours ago
It's #summercamp with a financial literacy, #creditunion twist http://t.co/5eaps9ZoVB
7 hours ago