In November, the Innovation Act of 2013 passed out of the House Judiciary Committee with a strong bi-partisan vote. The bill is expect to be brought to the House floor in December. The Senate Judiciary committee is also working on their own legislation to address those who abuse the patent system and a hearing on that bill is planned for December. CEA continues to push to keep the momentum moving forward and hopes that in early 2014, legislation will be enacted to combat the recent explosion of lawsuits, and threats of lawsuits, brought by patent assertion entities.
According to a Boston University study
, patent troll lawsuits cost American companies more than $29 billion each year. Many small businesses and startups cannot afford to fight back or get funding to continue their businesses.
ACT NOW: We urge Congress to enact common-sense patent reforms as soon as possible. Help fight patent trolls! Text “TROLLS” to 52886 or click this link to contact your member of Congress on this issue.