House Committee on the Judiciary: Background on H.R. 1249, the America Invents Act: “On June 23 the House overwhelmingly approved HR 1249, the America Invents Act, by a vote of 304-117. H.R. 1249 updates our patent system to encourage innovation, job creation, and economic growth. The last major patent reform was nearly 60 years ago. Since then, U.S. innovators have developed cell phones and launched the Internet. And yet the laws protecting the technologies of today are stuck in the past. The current system is bogged down by frivolous lawsuits and uncertainty regarding patent ownership. Americas innovators spend years and millions of dollars defending their claims to patent ownership. Meanwhile, our competitors are busy developing new products that expand their businesses and grow their economies. This year, for the first time, China is expected to become the worlds number one patent publisher, surpassing the U.S. and Japan in the total and basic number of patents. Our outdated patent system has become a barrier to innovation. We cannot expect Americas innovators and job creators to keep pace with the global marketplace with the patent system of the past. We need a system that ensures patent certainty, approves good patents quickly and weeds out bad patents effectively.”
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