The last overhaul of United States patent law, the America Invents Act, took several years to be developed. The U.S. Congress is likely to act on the proposed legislation before they recess in August.
“Patent trolls are taking a system meant to drive innovation and instead using it to stifle job-creating businesses around the country. Main Street stores, tech startups and more are being smothered by the abuse that is all too common in our patent system, and it’s time for that to end,” Schumer said in a statement. “This bipartisan bill shifts the legal burden back onto those who would abuse the patent system in order to make a quick buck at the expense of businesses that are playing by the rules.”