The ball is now squarely in the Senate’s court. The House has passed a solid reform measure, and the Senate must follow that example. This is not the time to slow down, as some are suggesting. Patent trolls hurt our economy, stifle innovation and kill job growth. The system that’s currently in place makes it far too easy for unprincipled players to take advantage of innovators and entrepreneurs for easy profit. Reform can’t wait — the Senate must act quickly to fix the system and make it work for everyone.
It is past time for patent litigation reform. We have to protect small businesses — which are the backbone of our economy and the engine driving job growth — from frivolous attacks. Reform can’t wait for the next election cycle or the arrival of a new Congress: The time is now. Let’s keep the American dream alive for innovators.
Gary Shapiro is president and CEO of the Consumer Electronics Association, the U.S. trade association representing more than 2,000 consumer electronics companies, and author of the New York Times best-selling books “Ninja Innovation” and “The Comeback.”