The America Invents Act Will Address Patent Backlog, Improve Patent Quality

WASHINGTON (Monday, March 7, 2011) – The Obama administration today released a white board presentation by Austan Goolsbee, the Chairman of the White House Council of Economic Advisors, touting the need for patent reform to help American inventors and innovators.  The America Invents Act, sponsored by Senator Patrick Leahy (D-Vt.), will make the first comprehensive reforms to the nation’s patent system in nearly 60 years.

“Chairman Goolsbee’s white board presentation highlights the very things the America Invents Act will address, including patent quality, reducing patent backlogs, and spurring innovation to create jobs,” said Leahy.

“We’ve talked about a whole lot of ways we’re going to win the future,” Goolsbee said in the presentation.  “We’ve got the greatest inventors in the world and it’s time we give them the help they need to bring the country where it needs to be.”

The Senate is poised to take another step toward a final vote on the America Invents Act, with a vote on a cloture motion to bring debate to an end scheduled for Monday evening. 

The America Invents Act is the result of nearly six years of debate in the Senate and House of Representatives.  It is supported by the Obama administration.  The bipartisan legislation was reintroduced earlier this Congress by Leahy, Senator Orrin Hatch (R-Utah) and Senator Chuck Grassley (R-Iowa).  For more information on the America Invents Act, click here.

To watch Chairman Goolsbee’s white board presentation, click here.

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