DelBene, Schweikert Introduce Legislation to Protect American Industry, Workers, and Consumers from Patent Trolls
Today, Representatives Suzan DelBene (WA-01) and David Schweikert (AZ-06) introduced the Advancing America’s Interests Act, legislation that will help prevent the International Trade Commission (ITC) from being misused. The ITC has the power to ban products from entry into the U.S. marketplace and this power has been persistently abused by patent licensing entities, more commonly known as patent trolls, which buy up patents with the sole intent of using them to extract profits or stifle competition.
The legislation will help modernize the ITC and its processes to ensure that resources are properly directed toward advancing America’s interests and protecting our industries, workers, and consumers. Specifically, the bill:
“As we begin to rebuild our economy, one of our top priorities must be protecting and prioritizing American workers and industries through strong trade policy and enforcement,” said DelBene. “In recent years, patent licensing entities have taken advantage of the ITC process for financial gain. By modernizing the ITC with this bill, we can help ensure the public interest is always put first as the commission adjudicates.”
“Ensuring the International Trade Commission cannot be used as a venue for misuse by patent licensing entities is paramount for protecting consumers and promoting strong global market competition,” said Rep. Schweikert. “This legislation is an important step in reforming the ITC’s unfair import processes, and will help to ensure America can continue being a leader in advancing innovation.”