The potential for such claims is virtually unlimited and would dramatically undermine investor confidence because a risk analysis of what is “secret” is impossible, and litigation costs against a prior-user defense would be prohibitive.
The expansion of prior-user rights is bad for researchers, small-business innovators and patent holders. Instead, we support patent reforms that will preserve the benefits of patent holders and encourage job creation here at home.
Rep. Jim Sensenbrenner (R-Wis.) is a former chairman of the Judiciary Committee. Rep. Tammy Baldwin (D-Wis.) is a member of the Energy and Commerce Committee.
From left, Lisa Peng, daughter of Peng Ming, Grace Ge Geng, daughter of Gao Zhisheng, and Ti-Anna Wang, daughter of Wang Bingzhang, hold pictures of their imprisoned fathers during a House Subcommittee on Africa, Global Health, Global Human Rights, and International Organizations hearing in the Rayburn House Office Building titled “Their Daughters Appeal to Beijing: ‘Let Our Fathers Go!’”
Each year since 1990, CQ Roll Call has reviewed the financial disclosures of all 541 senators, representatives and delegates to determine the 50 richest members of Congress. This year's report, derived from forms covering the calendar year 2012, shows it took a net worth of $6.67 million to crack the exclusive club.