Newsroom
NAFCU, others urge Senate panel on patent reform
May 13, 2014 – NAFCU joined with several other organizations Monday to urge Senate Judiciary Committee Chairman Patrick Leahy, D-Vt., and Ranking Member Chuck Grassley, R-Iowa, to put a stop to patent abuse with legislation that would provide relief from frivolous lawsuits.
"Delay in enacting reforms simply empowers patent trolls and permits even greater harm to Main Street businesses and our economy. The Judiciary Committee must take action now to respond to these clear abuses," the groups said in their letter to the committee leaders.
To stop patent abuse, the organizations recommended:
- eliminating patent trolls' ability to hide behind shell corporations;
- making it easier to punish trolls that send fraudulent and abusive demand letters;
- making trolls pay when they file frivolous cases; and
- disarming trolls by improving patent quality and providing a way to fight bad patents.
The letter was sent by the Main Street Patent Coalition, a national, non-partisan coalition of organizations dedicated to stopping patent abuse from trolls by encouraging Congress to pass reform legislation. Members of the coalition and signers of the letter, along with NAFCU, include the National Association of Home Builders, Independent Community Bankers of America, American Bankers Association, Printing Industries of America, American Gaming Association, CUNA, National Association of Realtors and more.
The Senate Judiciary Committee may hold a mark-up Thursday of S. 1720, the "Patent Transparency and Improvements Act of 2013." This bill, introduced by committee Chairman Patrick Leahy, D-Vt., is meant to increase transparency in the ownership of patents and protect consumers against frivolous patent-infringement lawsuits.
NAFCU has been working in support of patent reform legislation, including House-passed H.R. 3309, the "Innovation Act," introduced by House Judiciary Committee Chairman Bob Goodlatte, R-Va., and two separate bills from Sens. Charles Schumer, D-N.Y., and Hatch that would help discourage patent trolls from filing frivolous lawsuits.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.