"Let’s pass a patent reform bill that allows our businesses to stay focused on innovation, not costly, needless litigation,” said Obama.
The House of Representatives in December passed the Innovation Act, introduced by Bob Goodlatte, by a vote of 325-91.
The Senate is considering its own legislation to tackle so-called patent trolls.
Goodlatte responded to Obama’s speech by saying he was encouraged by the president’s continued willingness to work with Congress to stop abusive patent litigation.
“Businesses both large and small are affected by this growing problem and the enactment of the Innovation Act is central to US competiveness, job creation, and our nation’s future economic security. I look forward to working with President Obama and the Senate to see that patent litigation reform legislation is signed into law,” Goodlatte said.
The material on this site is for law firms, companies and other IP specialists. It is for information only. Please read our Terms and Conditions and Privacy Notice before using the site. All material subject to strictly enforced copyright laws.
© 2020 Euromoney Institutional Investor PLC. For help please see our FAQs.