Sunday, August 28, 2016

‘CREATES Act’ would only create more lawsuits

By: Dan Schneider and Larry Hart

Sen. Patrick Leahy (D-Vt., ACU Lifetime Rating: 5%) is leading the effort in the Senate to diminish the property rights of inventors. His legislation would fundamentally weaken the patent protection system for innovators whose ideas and efforts fuel our economy. It should come as no surprise that he is the sponsor of a bill that undermines the patents of drug manufacturers which have produced numerous innovative treatments which have saved countless lives.

Like the flawed PATENT Act, the CREATES Act (S. 3056) sets out to tackle a specific problem and, in the end, makes the situation worse. With the PATENT Act, the problem is so-called “patent trolls” that harass small businesses over alleged patent infringement, but the bill’s “solution” would mainly benefit large tech firms which want to make products using patented technology owned by others without paying for it............Originally posted in The Hill

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