Newsroom
May 21, 2014
Patent reform: Leahy withdraws bill, House panel eyes draft
May 22, 2014 – Senate Judiciary Chairman Patrick Leahy, D-Vt., announced on Wednesday the withdrawal of his anti-patent troll legislation from the committee's agenda due to a lack of "broad bipartisan support" on how to approach patent reform.
Leahy's bill, S. 1720, the "Patent Transparency and Improvements Act," was aimed at increasing transparency in patent ownership and protecting consumers against frivolous patent-infringement lawsuits.
"If the stakeholders are able to reach a more targeted agreement that focuses on the problem of patent trolls, there will be a path for passage this year and I will bring it immediately to the Committee," Leahy said. "We can all agree that patent trolls abuse the current patent system. I hope we are able to return to this issue this year."
NAFCU Vice President of Legislative Affairs Brad Thaler said that the association is disappointed that those who don't want patent reform have been able to stymie this process in the Senate.
On Tuesday, Thaler emphasized the importance of patent reform in a letter to the leaders of the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade. The panel holds a hearing today on draft legislation from subcommittee Chairman Lee Terry, R-Neb. Terry's legislation focuses on abusive litigation and patent trolls' threat to job creation and innovation.
Leahy's bill, S. 1720, the "Patent Transparency and Improvements Act," was aimed at increasing transparency in patent ownership and protecting consumers against frivolous patent-infringement lawsuits.
"If the stakeholders are able to reach a more targeted agreement that focuses on the problem of patent trolls, there will be a path for passage this year and I will bring it immediately to the Committee," Leahy said. "We can all agree that patent trolls abuse the current patent system. I hope we are able to return to this issue this year."
NAFCU Vice President of Legislative Affairs Brad Thaler said that the association is disappointed that those who don't want patent reform have been able to stymie this process in the Senate.
On Tuesday, Thaler emphasized the importance of patent reform in a letter to the leaders of the House Energy and Commerce Subcommittee on Commerce, Manufacturing and Trade. The panel holds a hearing today on draft legislation from subcommittee Chairman Lee Terry, R-Neb. Terry's legislation focuses on abusive litigation and patent trolls' threat to job creation and innovation.
Share This
Related Resources
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks. Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 23, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Monitoring the Latest Litigation Risks
Credits: NCCO, NCRM
Webinar
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Get daily updates.
Subscribe to NAFCU today.