U.S. Chamber Commends House Passage of Patent Bill
WASHINGTON, D.C.—The U.S. Chamber of Commerce today applauded the U.S. House of Representatives for passing H.R. 1249, the America Invents Act, an important piece of legislation that would help ensure the U.S. Patent and Trademark Office (USPTO) has the necessary resources to revitalize America’s patent system.
“By passing this bill, the House has taken meaningful action to ensure America’s patent system continues to encourage innovation, create jobs, and bolster the U.S. economy,” said Bruce Josten, Chamber’s executive vice president for Government Affairs. “The ball is now in the Senate’s court to make sure that this Congress is remembered for taking the necessary steps to protect America’s role as a global leader in innovation.”
Intellectual property (IP) is a cornerstone of America’s economy, with IP-intensive industries employing more than 19 million workers, generating nearly $7.7 trillion in gross output, and accountable for 60% of total U.S.