U.S. Commerce Secretary Gary Locke today issued a letter to House Judiciary Committee Chairman Lamar Smith and Ranking Member John Conyers outlining the views of the Obama administration on patent reform legislation currently being considered in the U.S. House of Representatives.
The America Invents Act increases the certainty of patent rights by implementing a first-inventor-to-file system for patent approval, which reduces the need for cost-prohibitive litigation that often ties up new ideas in court, stifling innovation and holding back job creation. It will also allow the United States Patent and Trademark Office (USPTO) to set and retain the fees it collects from its users. The USPTO is entirely fee-funded, and this fee-setting authority will ensure high-quality, timely patent review and address the backlog of patent applications that is currently preventing new innovations from reaching the marketplace.
Since the beginning of Locke‚Äôs tenure as Commerce Secretary, reforming the U.S. patent system to support the acceleration of American innovation and competitiveness and drive job creation and economic growth has been one of his top priorities. In meetings with CEOs and U.S. business leaders from companies of all sizes, the shortcomings of the U.S. patent system and the need for reform has almost always been a topic of conversation.
During the last two years, Locke has worked with bipartisan Congressional leaders as they have crafted legislation that is widely supported by industry experts, universities, independent inventors, and the business community, because it will make it easier for America‚Äôs innovators to produce new technologies that drive economic growth and create jobs.