Companies and individuals use the Internet to create valuable new, dynamic products and services that employ thousands of people, increase productivity, enable instant communications, and entertain the world. High quality patents promote innovation and encourage inventors to invest in the development of new, useful products. Low quality patents, on the other hand, stifle innovation by creating business uncertainty and opening the door to wasteful litigation.
Patent law remains an area of intense litigation and uncertainty due to entities often referred to as patent trolls. These entities incite high cost litigation, which divert resources from productive research and development. Ultimately, patent trolls place considerable strain on innovation. We support targeted patent litigation reform legislation by Congress and actions taken by the United States Patent and Trademark Office to address patent troll litigation and enhance the quality of patents.
Washington, DC – IA Director, Trade Policy Jordan Haas issued the following statement on the U.S. International Trade Commission’s (USITC) report on the U.S.-Mexico-Canada Agreement (USMCA): “The release of the USITC report is an important step in the congressional approval process of USMCA, which represents a new standard for digital trade agreements. This report underlines… Read more