State of Innovation

Patents and Innovation Economics

America Invents Act Update: Senate Passes Cloture Vote

The Senate passed the cloture vote on the America Invents Act by 93-5 with two senators abstaining.  The nay votes were cast by Coburn (R-OK), DeMint (R-SC), Johnson (R-WI), Lee (R-UT), and Paul (R-KY).  It appears likely that the Senate is going to cram this job killing, multinational corporation special interest legislation through.

The United States was the first country to recognize an inventor’s rights in their invention.  See Article 1, Section 8, Clause 8.  Conservatives are fond of talking about American Exceptionalism.  Our patent law was unique in the history of the world.  It was what drove the incredible ingenuity and made the United States the economic and technological leader of the world.  This bill is designed to protect the first person to file, not the rights of inventors.  As a result, it is not the creative inventors that will obtain patents but their multinational bureaucrat competitors.  These large corporations are notorious for killing disruptive technologies that threaten their existing product lines.  If this bill passes, American Exceptionalism will die with it.

 

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September 7, 2011 - Posted by | News, Patents | , , , , , , ,

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