WASHINGTON, June 5, 2013 /PRNewswire-USNewswire/ -- "The Innovation Alliance has been actively engaged with policymakers working on balanced legislative proposals to combat frivolous litigation. The White House announcement this morning contains some ideas that in principle may discourage frivolous litigation and, if drafted and implemented properly, could gain wide stakeholder support. Other aspects are quite troubling, in particular applying eBay to the ITC, a change that is unnecessary, unwise, and unsupported by any data. The Innovation Alliance also has concerns about expanding and extending the USPTO's transitional program for covered business method patents. Senator Schumer also has a proposal on this issue. We appreciate Senator Schumer's openness in hearing our concerns on his proposal and look forward to continuing to work with him to improve it.
"The Innovation Alliance urges caution and deliberation in changes to the patent system, a key to job creation and the U.S. innovation ecosystem that is the envy of the world. The important matters at issue demand cool, rational, data-driven analysis and careful decision.
"Former USPTO Director David Kappos was right when he recently stated that the United States should continue to invest in the long term by supporting patents. He cautioned against the temptation to weaken patents for short-term economic gratification, which will disincentivize innovation and discourage R&D intensive startups that depend upon patent rights to secure private capital and ensure a fair return on investment.
"The Innovation Alliance looks forward to continuing to work with the Administration and Congress on balanced proposals to improve the patent system."
SOURCE Innovation Alliance
- Politics & Government