This Valentine's Day you're probably planning to shower your loved ones with special trinkets to show your love: jewelry, candy, a special night out, maybe some milkbones. Wait a second.
National Retail Federation
High hopes for a new law aimed at curbing patent troll abuses were all but dashed today when Senator Patrick Leahy (D-Vt.), chairman of the judiciary committee, said he was taking a patent reform bill off the agenda.
Following up on the President's pledge to combat patent trolls, the White House plans to announce Thursday afternoon additional executive actions and call on Congress "to finish the job."
After a marathon markup session that lasted into the evening, the House Judiciary Committee passed a bill targeting abusive patent troll practices. In a bipartisan 33-5 vote, the Innovation Act will now head to the House floor, where it has a good chance of passing.
The Senate's commerce committee jumped into the fight against patent trolls, holding a hearing on demand letters, the most reviled tactic used by patent assertion entities to extract license fees.
Even as Congress battles over funding the government, new legislation to curb abusive patent troll practices is beginning to take shape.
Congress may be out of town, but that doesn't mean it can hide from Beltway lobbyists. Giving lawmakers a little nudge to make sure they keep their promise to take up patent reform legislation addressing patent troll abuses when Congress returns Sept. 9, four associations are launching an ad campaign tomorrow in 17 states.
The National Retail Federation, the 4As, Overstock.com, the Coalition for Patent Fairness and some of the more than 50 organizations of the Big Tent coalition fighting patent troll abuse will descend on Capitol Hill on Thursday.
To impress on Congress that those who stake patent claims, aka patent trolls, are using dubious practices to wreak havoc on nearly every business sector, a diverse group of 50 organizations—including the five advertising and marketing associations that formed the Stop Patent Abuse Now coalition—have joined forces.