Senate Judiciary Committee Chairman Patrick Leahy (Democrat, Vermont) today announced at an “executive business meeting” that a “tentative agreement” had been reached on patent reform legislation.
The original intent of the reform, Leahy said, was to “improve patent quality” and “address runaway damage awards that were harming innovation.” He added, “we are close to a compromise that will address these issues.”
The webcast of his speech is available here. More details are scheduled to be released over the next few days.
How do “runaway damage awards” (what ever those ar) “harm innovation”? I’ve never seen this explained. It seems the opposite, high damage awards provide a direct incentive for innovation.
Is it any wonder why congressional approval rating is what it is. Our representatives don’t respect us enough to even bother coming up with a believable explanation why they are tilting the playing field to help those that give them money.
If its all about the money (and I think it mostly is) why is it that pharmaceuticals, bio-techs, giant industry/chemical corporations, universities/NPE’s and unions (all of which strongly appose this legislation) with their vast financial/political resources wont just outbid the high-tech’s lobby machine and cripple this self destructive legislation yet again?
“The original intent of the reform, Leahy said, was to “improve patent quality” and “address runaway damage awards that were harming innovation.”
In a pig’s eye. Rather, the intent of these large firms is not to fix the patent system, but to destroy it or pervert it so only they may obtain and defend patents; to make it a sport of kings.
Patent reform is a fraud on America. It is patently un-American.
Please see http://truereform.piausa.org/ for a different/opposing view on patent reform.
How do “runaway damage awards” (what ever those ar) “harm innovation”? I’ve never seen this explained. It seems the opposite, high damage awards provide a direct incentive for innovation.
Is it any wonder why congressional approval rating is what it is. Our representatives don’t respect us enough to even bother coming up with a believable explanation why they are tilting the playing field to help those that give them money.
If its all about the money (and I think it mostly is) why is it that pharmaceuticals, bio-techs, giant industry/chemical corporations, universities/NPE’s and unions (all of which strongly appose this legislation) with their vast financial/political resources wont just outbid the high-tech’s lobby machine and cripple this self destructive legislation yet again?
“The original intent of the reform, Leahy said, was to “improve patent quality” and “address runaway damage awards that were harming innovation.”
In a pig’s eye. Rather, the intent of these large firms is not to fix the patent system, but to destroy it or pervert it so only they may obtain and defend patents; to make it a sport of kings.
Patent reform is a fraud on America. It is patently un-American.
Please see http://truereform.piausa.org/ for a different/opposing view on patent reform.