American Inventors Warn Congress of Potential Negative Impacts of Pending Patent Reform Legislation

American Inventors Warn Congress of Potential Negative Impacts of Pending Patent Reform Legislation

Inventors from across the country caution that Senate bill could hurt innovation, economic growth and job creation; call on Congress to avoid unintended consequences of pending proposals

As a key U.S. Senate committee considers whether to take up patent legislation later this month, American inventors from across the country traveled to Capitol Hill today to warn members of Congress of the potential negative impacts of the pending legislation on American innovation, economic growth and job creation.

In a briefing for Capitol Hill staff today, a diverse group of inventors — including medical device and technology inventors, the creator of “Onion Goggles,” and a former contestant on the PBS series “Everyday Edisons” — called for the interests and concerns of small inventors and start-ups to be taken into account as the debate over patent reform continues in the Senate.

“For American innovation to continue to thrive, we must have a strong patent system that encourages innovation, attracts investors, grows our economy and creates good jobs. That very innovation economy is in jeopardy thanks to this legislation, which would discourage invention and seriously undermine the ability of start-ups to raise capital to fund their companies and new inventions. We’re here to make sure the voices of America’s innovators are heard in this debate, before it is too late and too much damage is done,” said Louis Foreman, Chief Executive of Edison Nation, which led the inventors’ fly-in along with the Alliance of U.S. Startups and Inventors for Jobs (USIJ) and Entrepreneurs for Growth.

 

Very interesting article concerning Patent Reform Legislation. 🙂

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