The Biden administration and Congress have recently made a series of commitments to support industries that are of high strategic importance. The Inflation Reduction Act and Chips and Science Act provide much-needed resources to bolster advances in green energy and increase our domestic supply of semiconductors – two critical long-term priorities.
It’s Time for the U.S. to Tackle Patent Trolls
A single rule change would be a good start.
September 16, 2022
HBR Staff; arcady_31/ VladSt/Getty Images; Unsplash
Summary.
Patent trolls are a major economic problem in the U.S., slowing growth and innovation, and costing companies time and money. Director of the USPTO, Kathi Vidal, also has an opportunity to take immediate action that will substantially improve how our patent system functions and advance U.S. innovation. It involves repealing a rule instituted by their predecessor that made it harder for firms being sued by patent trolls to take advantage of special expert judges.