White House weighs in with plans to combat patent assertion entities
Citing the increasing evidence of the massive economic and social costs of patent assertion entity (PAE) activity, on 4 June 2013 the White House announced several executive orders and legislative proposals aimed at curbing frivolous patent litigation.
In addition, the President’s Council of Economic Advisers, the National Economic Council and the Office of Science & Technology Policy issued a report titled Patent Assertion and US Innovation, which further describes the problems associated with PAEs.
President Obama recently cited the need for further patent reform, and now the administration is ready to address the ‘drain on the American economy’ that it attributes to PAE activity…
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