Obama to unveil a package of reforms to deal with patent trolls

By on June 4, 2013, 11:45 AM
legislation, barack obama, trademarks, laws, patent trolls, patent and trademark office

President Barack Obama is expected to announce new laws governing patents in the US in the near future. Specifically, the president will reveal five executive actions and propose seven legislative changes that will get a closer look from Congress in an effort to end costly patent-related lawsuits typically initiated by patent-holding firms, otherwise known as patent trolls.

Those in the tech industry will likely welcome the changes as many have complained that patent litigation is on the rise and is a serious threat to innovation. A press release on the issue obtained by Politico says the White House is offering the proposals to stop the drain on the American economy.

Some of the proposed changes are just what tech companies have been asking for. For example, one would require patent holders and applicants to disclose the true owner of the patent in an effort to prevent firms from using shell companies and suing rivals. Other changes would offer better protections against being sued for infringement and manipulating how fees are awarded for those that are successful in court.

Perhaps one of the biggest chances, however, has to do with how the International Trade Commission issues injunctions in patent cases. This method has become increasing more popular among trolls looking to threaten and extort businesses as it’s relatively easy to receive an injunction.

Moving forward, the president wants patent owners to update their patent ownership information on a regular basis through the Patent and Trademark Office. The office will also be responsible for issuing educational material to help those that are targeted by patent trolls.




User Comments: 22

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VitalyT VitalyT said:

Burn all them bridges down, Obama, that's the only way to make sure!

1 person liked this | nazartp said:

'bout time!

Littleczr Littleczr said:

Good job! The coolest president we have had, besides bill Clinton.

2 people like this | cliffordcooley cliffordcooley, TechSpot Paladin, said:

Good job! The coolest president we have had, besides bill Clinton.

Thats the complete opposite of the way I feel. Actually I don't have any respect for anyone in office. The criteria of which one is deemed worthy of office is pathetic.

Edit:

Yeah you are right, I am trolling this topic. Thats how ridiculous I see our government.

GhostRyder GhostRyder said:

Well I like this idea, but im inclined to agree with clifford.

Guest said:

As a Canadian, I'm glad to see Obama step in and address the broken patent system. USA was just making themselves look bad. Patents for an unlock slider from destination Point A to Point B or a shopping cart feature??

1 person liked this | Skidmarksdeluxe Skidmarksdeluxe said:

Maybe Samsung are trying to get the US government in their back pocket so they don't have to go through with what they went through with Apple. It's about time they curbed patent trolling.

1 person liked this | ReederOnTheRun ReederOnTheRun said:

I have some mixed feelings about Obama, but this definitely helps his case in my mind. Finally someone is doing something about all the patent trolling.

Kevin82485 Kevin82485 said:

This is a good start with patents. Now if he can just reform copyright.

spencer spencer said:

Good job! The coolest president we have had, besides bill Clinton.
I don't even know where to begin..........just NO

m4a4 m4a4 said:

Yeah? And what else will he try hiding in it? I like the idea, but have no faith in him being honest...

1 person liked this | J_Gert J_Gert said:

I definitely support this bill. I hope it goes through unanimously. This will definitely help the consumer and save millions for other companies which should pass down to us.

dennis777 dennis777 said:

I wish their is a Like button on this article

cliffordcooley cliffordcooley, TechSpot Paladin, said:

I wish their is a Like button on this article

There is in forum mode.

1 person liked this | Guest said:

I wondered what that sound I heard earlier was...it was the sound of congressional lobbyists' phones ringing, audible five states away.

platinumsteel said:

I wonder if this would cool down the fussing and fighting between apple and samsung...lol

Guest said:

Honestly Obama will do anything at this point if it distracts people from the IRS, EPA, Benghazi, reporter scandals and whatever else we don't know about yet...

1 person liked this | Guest said:

I'm sure it doesn't have ANYTHING to do with Google protecting Android, or Google's indirect competition with Apple. nah... Why on Earth would Google lobby the government to change the patent laws? hmmm

1 person liked this | Guest said:

What hiding? Nothing is truly hidden in DC. People just fail to read what they sign.

spencer spencer said:

I'm sure it doesn't have ANYTHING to do with Google protecting Android, or Google's indirect competition with Apple. nah... Why on Earth would Google lobby the government to change the patent laws? hmmm

google is partners with the NSA Duh

gingerbill said:

Really is about time . Something certainly needs done.

Skidmarksdeluxe Skidmarksdeluxe said:

I wish their is a Like button on this article

Cast your eyes to the bottom right of the postings, you'll see it right next to the "reply" button.

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