As many of you know, the Edison Nation community has been a huge proponent of making sure the independent inventor’s voice is heard regarding proposed patent legislation. Today, we are so excited to hear (and share!) the news that Senator Leahy has chosen to drop the patent bill from the Senate Judiciary Committee agenda.
Thank you to all of the inventors who stood up and made their voices heard. This is a big win for all of us!
The letter from the Office of Senator Patrick Leahy:
Comment of Senator Patrick Leahy (D-Vt.),
Chairman, Senate Judiciary Committee,
On Patent Legislation
May 21, 2014
We have been working for almost a year with countless stakeholders on legislation to address the problem of patent trolls who are misusing the patent system. This is a real problem facing businesses in Vermont and across the country.
Unfortunately, there has been no agreement on how to combat the scourge of patent trolls on our economy without burdening the companies and universities who rely on the patent system every day to protect their inventions. We have heard repeated concerns that the House-passed bill went beyond the scope of addressing patent trolls, and would have severe unintended consequences on legitimate patent holders who employ thousands of Americans.
I have said all along that we needed broad bipartisan support to get a bill through the Senate. Regrettably, competing companies on both sides of this issue refused to come to agreement on how to achieve that goal.
Because there is not sufficient support behind any comprehensive deal, I am taking the patent bill off the Senate Judiciary Committee agenda. If the stakeholders are able to reach a more targeted agreement that focuses on the problem of patent trolls, there will be a path for passage this year and I will bring it immediately to the Committee.
We can all agree that patent trolls abuse the current patent system. I hope we are able to return to this issue this year.
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