Patent trolls receive first blow
“The Innovation Act isn’t a panacea for the problem of so-called ‘patent trolls,’ and in some ways doesn’t go as far as we’d like,” R Street Institute policy analyst Zach Graves said in a statement Thursday. “But it offers the most comprehensive package of any proposal thus far, including a set of litigation reforms vital to undermining the patent troll business model. Overall, this is a big win and we will stay vigilant as the measure moves on to a more uncertain future in the Senate.”
The free-market think tank R Street led a conservative coalition on Capitol Hill advocating for the passing of the bill.
“Important changes include implementing “loser pays” (the cost of litigation), improving transparency and research into the actual owners of patents, and tightening up standards regarding potential infringements,” R Street policy analyst Jeremy Kolassa writes.
