SIIA thanks President Obama for taking on patent trolls in yesterday’s Google+ Hangout. Obama said that patent reform was only a partial fix to the patent troll problem, and argued that more needs to be done to stop these abusive patent lawsuits. He said:
“[Patent trolls] don’t actually produce anything themselves. They’re just trying to essentially leverage and hijack somebody else’s idea and see if they can extort some money out of them.”
Though the passage of the America Invents Act in 2011 was an effective first step in addressing the problem of abusive patent litigation by trolls, we agree with Obama that more must be done. Patent trolls continue to damage the economy, hurt America’s tech industry, and threaten innovation. Obama continued:
“There’s a delicate balance between protecting intellectual property and making sure people aren’t ruined financially by patent trolls. What we need to do is pull together additional stakeholders and see if we can build some additional consensus on smarter patent laws.”
In December, SIIA joined with several other trade associations in issuing a call for action against abusive patent lawsuits, in a letter to the Congressional leaders who led the passage of patent reform in 2011. We welcome any opportunity to build consensus on this vital issue.
Watch the full Hangout:
Laura Greenback is Communications Director at SIIA. Follow the SIIA Public Policy team at @SIIAPolicy.
Ken Wasch is President of SIIA. Follow the SIIA Policy team on Twitter at