Obama signs patent reform bill
September 16th, 2011
12:38 PM ET

Obama signs patent reform bill

President Obama has long been pushing patent reform as a vehicle for job creation, and on Friday he was finally able to sign a major overhaul bill that had been kicking around Congress for months into law.

The story from The CNN WIRE:

(CNN) - President Barack Obama signed legislation Friday that will overhaul the U.S. patent system for the first time since 1952.

"We have to do everything we can to encourage the entrepreneurial spirit wherever we find it," Obama said at a signing ceremony at a high school in Arlington, Virginia. This measure "cuts away the red tape that slows down our inventors and entrepreneurs."

Obama used the occasion to promote his $447 billion jobs plan, calling patent reform a "part of our (larger) agenda for making us competitive over the long term."

If nothing else, perhaps the bill is proof our divided government CAN still pass a bill.

More HERE


Topics: President Obama • The News

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soundoff (7 Responses)
  1. Howard

    Obama signs Patent Bill ... allowing pro-Obama law firm to get a 214 million dollar bail out, at tax payer's expense !!!

    September 16, 2011 at 2:22 pm |
    • kazport

      Absolutely, Obama bails out another crony.
      214 million dollar bailout http://www.ourbusinessnews.com/patent-bill-viewed-as-bailout-for-a-law-firm

      September 16, 2011 at 4:53 pm |
  2. Diane

    We are well aware that this bill bails out the elite lawyers Wilmer Hale at the taxpayers expense of 412 million dollars, because of their mistake. Thanks to Rep. Conyer, congress in both parties and Obama no one is looking out for the taxpayers.

    September 16, 2011 at 2:34 pm |
  3. Jay in NC

    http://www.gainesville.com/article/20110907/ZNYT04/109073025

    The Gainesville Sun has a very interesting story about this. Like Howard & Dianne were saying it is more about protecting Wilmer Hale than job creation. Unless you count the law firms jobs. Defiantly looks like Mr. Barry has been bought and paid for by a large lobbying company.

    From the Gainesville Sun, Wednesday, September 7, 2011 ...
    ...Critics, who have labeled the provision “The Dog Ate My Homework Act,” say it is really a special fix for one drug manufacturer, the Medicines Company, and its powerful law firm, WilmerHale. The company and its law firm, with hundreds of millions of dollars in drug sales at stake, lobbied Congress heavily for several years to get the patent laws changed.

    September 16, 2011 at 4:52 pm |
  4. Victoria

    It amazes me that the patent laws have not been changed since 1952. Way to go Barack.

    September 17, 2011 at 12:18 pm |
  5. Ramon Arreola

    I want in on a healthy sum of the 447b.

    September 18, 2011 at 6:15 am |
  6. Tom from Canonsburg

    Isn't this a promise that the Pres. made to the GOP. Yet we have the GOP can do nothing wrong critizing that he has kept this promise. Can't please them any which way.

    September 18, 2011 at 12:31 pm |