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Protecting American Talent and Entrepreneurship (PATENT) Act (view source)
Revision as of 15:51, 26 February 2016
, 15:51, 26 February 2016→Analysis
==Analysis==
According to the drafters of the PATENT Act, the proposed legislation aims to "stop abusive patent litigation practices" and prevent "bad actors," namely patent trolls, "from undermining the patent system." [http://files.bakerbotts.com/file_upload/IPReport201507-ProposedPatentReformin2015.htm#footnote2r (Baker Botts)] However, a 2015 [http://www.pwc.com/us/en/forensic-services/publications/assets/2015-pwc-patent-litigation-study.pdf study] from PriceWaterhouseCoopers on patent litigation shows that 2014 saw a 13% percent decrease in the amount of patent lawsuits filed, contrary to the average 20 to 30% percent increases seen since 2009.
The PATENT Act is strongly supported by Microsoft [https://news.microsoft.com/2015/04/29/microsoft-supports-patent-act/ (Microsoft)] and the National Retail Federation. [https://nrf.com/advocacy/policy-agenda/fair-patent-laws (NRF)]
Organizations like the Innovation Alliance [http://innovationalliance.net/from-the-alliance/innovation-alliance-statement-introduction-patent-act/ (IA)] and National Venture Capital Association [http://nvca.org/issues/patent-reform/ (NVCA)] have spoken out against various provisions of the bill.
