Friday, May 03, 2013

Two major bills in Congress to slow down patent trolls

Ars Technica (Joe Mullin) is reporting that Senator Chuck Schumer (D-NY) is introducing a second “anti-patent-troll” bill, link here  

The first bill was a “Shield Act” which would implement a “loser pays” system often recommended as part of tort reform (by libertarian-oriented reporters like John Stossel), to apply particularly when applied to plaintiffs that have bought the patents only to collect fees and not to further develop products.  . 

Schumer wants to lower the cost of patent litigation, which invites trolls to bully small companies. 
Schumer also wants a special review procedure for business methods available administratively (without the courts) from the PTO to apply to technology patents, as part of this America Invents Act. 

LXBN TV covers patent trolls and the Shield Act here.

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