Things are really heating up in the House regarding the Innovation Act, H.R.9. There have been several hearings in the last few weeks that have been weighted heavily in favor of the other side. The huge amount of lobbying by our opponents has also continued. And now, Entrepreneurs for Growth has informed us that the Judiciary Committee plans to take the bill to Markup (agree on the language and pass it out of the Committee) on April 16th and take it to a floor vote on April 20th.
In December of 2013, the House passed this bill 325-91. We have some allies that we didn’t have last time, and we’ve been working hard to get the word out, but the odds are against us. If it passes the House, it still has to pass the Senate, but there is a huge amount of pressure to get some key elements like “Loser Pays.”
“Loser Pays,” as proposed, would make the inventor who tries to defend a patent guilty until proven innocent. If you didn’t prevail against the infringer, you would then be obligated to litigate further to prove that your lawsuit was reasonable. Here, you would likely already be financially drained, going against your opponent’s blue-chip legal team, and possibly in front of a judge who is anti-patent. You could end up owing the infringer over $1,000,000. If you have an investor with an interest in your patent, he could be personally liable for this amount. “Loser Pays” makes it virtually impossible for the average independent inventor to defend a patent, and it will kill investment in startups. (For other fatal elements in this bill, see the “Papers” tab above.)
On April 15th, the multinational corporations trying to eliminate our rights will have an event where they will parade their alleged victims of the US Patent System and try to influence the House right before the Markup. BUT, we are going to have our own event.
Entrepreneurs for Growth is planning a big event on the same day for independent inventors. There will be three public relations firms and media coverage. We need a bunch of inventors at this event. If our Representatives see whose rights they are about to destroy, it will make a difference.
You can fly over in the morning and fly out in the evening. If you can’t afford the trip, we might be able to obtain some funding. We need to get a number of inventors to commit so the event can be finalized.
Unfortunately, we just heard about this, and we need to get a number of commitments today (Thursday) to make the event happen.
Join me in this. We will fight together for inventor’s rights. This could be what stops this bill. Be a part of history. Call me at 727-744-3748.
Randy Landreneau, Founder
Independent Inventors of America