September 16th, 2011
09:38 AM ET
Today the White House will be talking about patent reform, as President Obama travels to a Virginia high school to sign the America Invents Act into law. The administration held a conference call yesterday where officials drew the connection between job creation and patent reform, explaining that many CEOs had asked for patent reform during meetings with the White House.
On that call, David Kappos, director of the U.S. Patent and Trademark Office, said that this legislation “is the biggest change to the U.S. patent system since 1836” and it “simply makes it easier for American innovators to get out into the marketplace with their products and services.”
Now, unless you’re an inventor, a venture capitalist or the CEO of a big business, the patent process is probably not something you’re particularly familiar with. For a fantastic – if anecdotal – primer on the patent problem, take a listen to “When Patents Attack,” an episode of This American Life from late July. It highlights just a few of the problems with the way patents are currently handled.
And once again here’s a link to CNN Money’s breakdown of the legislation the president will sign today.
Here are some other articles the White House is watching today:
UBS in turmoil as $2 bln rogue trade hits ratings [Reuters]
Texas death-row inmate gets last-minute reprieve [CNN]
Investors take a breather [CNN Money]
Eurozone finance ministers' comments [Reuters]
'Abbas working on deal with EU, US to avoid statehood bid' [The Jerusalem Post]
Boehner: No tax hikes for super committee [CNN Money]