ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

US*MADE Celebrates the 10th Anniversary of the America Invents Act Passage into Law, Calls for Restoration of its Intent

Hosts anniversary event featuring the law’s champions Sen. Leahy and former Rep. Smith

Washington, DC - (NewMediaWire) - September 16, 2021 - Today marks the 10th anniversary of the America Invents Act (AIA), which was shepherded into law by the then U.S. Senate and House Judiciary Committee Chairmen Patrick Leahy (D-VT) and Lamar Smith (R-TX), respectively. Next Wednesday, September 22nd, members of the U.S. Manufacturers Association for Development and Enterprise (US*MADE), in conjunction with the Alliance for Automotive Innovation, will co-host Sen. Leahy and former Rep. Smith at an event to celebrate this milestone. The decade of changes in patent quality and litigation trends since 2011 will be reviewed, and attendees will hear from the law’s leading sponsors about how they see the AIA’s effects on innovation.

The event will also feature an interactive panel with Harvard Business School Professor Lauren Cohen; former Acting USPTO Director and Solicitor Joe Matal; Hughes Network Systems IP Counsel Cory Myers, a US*MADE member; and Volkswagen Group of America, Inc. Asst. GC for IP and Litigation Charles “Chuck” Hawkins, a member of the Alliance for Automotive Innovation. The panelists will explore the impact the AIA has had on the patent system and manufacturers in America over the last decade and map out the challenges for the future.

“The America Invents Act was the most significant reform of our patent system in over 50 years and its role in improving patent quality and reducing litigation abuse cannot be overstated,” said Beau Phillips, Executive Director of US*MADE. “Inventors and innovators of every stripe owe a debt of gratitude to Senator Leahy, former Chairman Smith, and every lawmaker who in a thoughtful, entirely bipartisan way helped pass the AIA into law.”

For the first time in years, abusive patent litigation is again on the rise, according to RPX Corporation.

“It’s time for the Patent Office to renew its commitment to the AIA and follow the clear and obvious Congressional intent of the law by ending the explosion in discretionary denials the PTAB has issued over the last 24 months,” Phillips said. “Before the arbitrary and questionable imposition of the PTAB’s Fintiv and NHK rulings, American manufacturers could hire, innovate, produce products and order new machinery with confidence that bad patents could be challenged. Today, that is no longer the case. They continue to face a minefield of frivolous infringement litigation risk from non-practicing entities (NPEs), who do not manufacture or sell products or services, nor create jobs.”

Phillips added, “U.S. manufacturers, which generate about 11% of U.S. GDP and employ tens of millions of Americans, are especially hard hit by misuse of the patent system, as frequent targets of NPEs. American manufacturers deserve protection against bad patents.”

To register for US*MADE’s event celebrating the 10th anniversary of the AIA, go to https://bit.ly/3CcSTe5. For more information about abusive patent litigation and the threat to U.S. manufacturers, visit https://us-made.org/.

About US*MADE

US Manufacturers Association for Development and Enterprise (US*MADE) is specifically focused on protecting manufacturers from abusive patent litigation. Manufacturers are frequent targets of patent litigation by shell companies that produce no products or services. Job-creating manufacturers are shaken down for hefty royalty payments by plaintiffs wielding vague, low-quality patents that likely should have never been issued by the US Patent and Trademark Office (USPTO). To learn more, go to https://us-made.org/.

For more information, contact:

Lauren DuBois

(917) 573-2485

Lauren@US-MADE.org

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.