State of Innovation

Patents and Innovation Economics

Patent Bill We Can Support

According to Computer World  John Conyers Jr., a Michigan Democrat and chairman of the House Judiciary Committee, and Lamar Smith of Texas, the ranking Republican on the committee introduced a patent bill that eliminates fee diversion from the patent office.  Over the last two decades Congress has diverted over $1B in user fees from the United States Patent and Trademark Office to their pet projects.  If this sort of thing occurred in a private company, the CEO, CFO and other company officers would be thrown in jail for accounting fraud.  Not only is this moral hypocrisy on the part of Congress, but it has significantly undermined our technology start-up companies and our economy. 

This is the only Patent Bill before Congress that would not hurt small inventors and start-ups.  In fact, it would be good for both and good for the country.  Let’s hope it passes and the “Comprehensive Patent Reform” dies a timely death before it is allowed to further damage out patent system.

May 25, 2010 - Posted by | Patents |

1 Comment »

  1. […] This post was mentioned on Twitter by PriorSmart, Dale Halling. Dale Halling said: Patent Bill We Can Support: […]

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