Live hearing:

H.R. 1667, the “Financial Institution Bankruptcy Act of 2017”

9:00 AM • Subcommittee on Regulatory Reform, Commercial and Antitrust Law

On February 5, 2015, House Judiciary Committee Chairman Bob Goodlatte was joined by Representative Peter DeFazio (D-Ore.), Subcommittee on Courts, Intellectual Property, and the Internet Chairman Darrell Issa (R-Calif.), Subcommittee on Courts, Intellectual Property, and the Internet Ranking Member Jerrold Nadler (D-N.Y.), Science, Space and Technology Committee Chairman Lamar Smith (R-Texas), Representative Zoe Logren (D-Calif.), and Energy and Commerce Subcommittee on Communications and Technology Ranking Member Anna Eshoo (D-Calif.) in introducing a bill to address the ever increasing problem of abusive patent litigation. The bipartisan Innovation Act (H.R. 9), which is the same legislation that passed the House in 2013, builds on the reforms that were made in the America Invents Act and addresses certain abusive practices taking place in our courts.

On June 11, 2015, the House Judiciary Committee overwhelmingly passed the Innovation Act by a vote of 24-8.


Bill Overview

Key Provisions

Section-by-Section
H.R. 9, THE “INNOVATION ACT” (4/15/15)
PATENT REFORM: PROTECTING AMERICAN INNOVATORS AND JOB CREATORS FROM ABUSIVE PATENT LITIGATION (3/25/15)
EXAMINING RECENT SUPREME COURT CASES IN THE PATENT ARENA (2/25/15)

Background on the Innovation Act

The Innovation Act previously passed the House of Representatives in the 113th Congress by an overwhelming bipartisan vote of 325-91. That legislation was supported by a wide range of groups that include stakeholders from all areas of our economy representing businesses of all kinds from every corner of our country including independent inventors and innovators.

Patent Trolls

Patent trolls are harming America’s small businesses – including startups and non-tech companies – every single day. Small businesses are unequipped to defend themselves. As a result, a far higher percentage pay extortive settlements to patent trolls, even when the cases against them have no merit.

The American Intellectual Property Law Association (AIPILA) estimates that the average cost of defending a patent infringement case is $650,000 for even the smallest cases and $2.5 million for those seeking $1 million to $25 million in damages.

Who Supports the Innovation Act

4A’s (American Association of Advertising Agencies) About.com
Adobe Systems Inc.
Airbnb
Alabama Grocers Association
Amazon.com, Inc.
American Apparel & Footwear Association
American Consumer Institute
American Gaming Association
American Hotel & Lodging Association
American Institute of CPAs
American Public Power Association
American Society of Home Inspectors
American Society of Travel Agents
American Trucking Associations
Apple
Application Developers Alliance
Arizona Food Marketing Alliance
Arizona Retailers Association
Ask.com
Associated Oregon Industries
AT&T
Auction.com
Baker County Chamber of Commerce and Visitors Bureau, Baker City, OR Bay Area Vital-Link, Inc., Oakland, CA
Beaverton Area Chamber of Commerce, Beaverton, OR
Berkshire Hathaway Home Services
Best Buy
Bingo World
Birch Studio Graphics
BlackBerry Limited
BlueCross BlueShield
Blueprint RF
BrandsMart USA
Brinker
Building Industry Association of Washington California Association of Boutique & Breakfast Inns California Broadcasters Association
California Citizens Against Lawsuit Abuse California Grocers Association
California Hotel & Lodging Association
California Independent Oil Marketers Association California Retailers Association
California Technology Council
California Travel Association
CALinnovates
Callware Technologies
Capital Region Chamber, Colonie, NY
Capitol Salvage
Capstone Photography
Carlson Rezidor Hotel Group
Carlson Wagonlit Travel
Chozick Realty
CipherHealth
Cisco Systems, Inc.
Cloudability, Portland, OR
Citizen Outreach
Coalition for Patent Fairness
Coinbase
Collage.com
Colorado Technology Association
Comcast
Command Global, Las Vegas, NV
Competitive Carriers Association
Computer & Communications Industry Association Concord Coach Lines
Connecticut Daily Newspaper Association Connecticut Energy Marketers Association Connecticut Retail Merchants Association Connecticut Veterans Chamber of Commerce Consumer Electronics Association
Con-way Inc.
Craft Brew Alliance, Portland, OR
Culver’s Franchising System, Inc.
Cusson’s
Demand Progress
Desktime LLC
Detroit Regional Chamber of Commerce
Dictionary.com
Digital Signage Federation
Dillard’s, Inc.
Dillon Mailing
Direct Marketing Association
Domino’s
Dropbox
EarthLink
eBay
Electronic Frontier Foundation
Electronic Transactions Association
Element 1, Bend, OR
EMC
Engine Advocacy
Entertainment Software Association
Etsy
Expedia
Facebook
FanDuel
Fincham Financial, Bend, OR
Fish Construction NW, Inc, Portland, OR
Flickr
Florida Restaurant and Lodging Association
Food Marketing Institute
Footwear Distributers and Retailers of America
Foursquare
GeLo, Inc
General Motors
Gilt
Goby LLC
Google Inc.
Gran Mountain Rentals, Grand Lake, CO
Greater Kansas City Chamber of Commerce, Kansas City, MO Greater New Britain Chamber of Commerce
Greater Providence Chamber of Commerce
Groupon
Half.com
Heirloom Foods
Heppner Chamber of Commerce, Heppner, OR
Home Builders Association of Iowa
Home Builders Association of Josephine County, Grants Pass, OR Home Builders Association of Lane County
Home Builders Association of Marion & Polk Counties
Home Shopping Network
Homecare Association of America, CT Chapter
Homes Eyewear
Hotel Association of New York City, Inc.
Hotels.com
HRsmart
HTC America, Inc.
IAC/InterActiveCorp
Impress Realty LLC, Las Vegas, NV
Independent Bankers Association of Texas
Indiana Builders Association
Indiana Petroleum Marketers & Convenience Store Association Indiana Retail Council
Institute for Liberty
Information Technology Industry Council
Insurance Association of Connecticut
Intel
International Franchise Association
Internet Association
Internet Infrastructure Coalition
Intuit Inc.
Irvine Chamber of Commerce, Irvine, CA
iZi Survey LLC
JCPenney
Kickstarter
Klamath Basin Home Builders Association
Landmark Professional Mortgage Company
LinkedIn
Listrak
Lunatech
Lyft
M-1 Studios LLC
Macy’s
Maine Ocean & Wind Industry Initiative
Maine Renewable Energy Association
Maine State Chamber of Commerce
Maryland School Bus Contractors Association Masergy Communications
Match.com
Michigan Home Builders Association Michigan Retailers Association
Microsoft
Minnesota Center-Right Coalition
Minnesota Grocers Association
Minnesota Retailers Association
Missouri Gaming Association, Jefferson City, MO Missouri Grocers Association
Missouri Petroleum Marketers & Convenience Store Association, Jefferson City, MO
Missouri Retailers Association
Mobile Comply
Mobile Technology Association of Michigan Monster.com
Motor Transport Association of Connecticut, Inc. Motorola Solutions
MPA-The Association of Magazine Media My Fab 5
National Association of Broadcasters National Association of Convenience Stores National Association of Home Builders National Association of Realtors
National Council of Chain Restaurants National Grocers Association
National Restaurant Association National Retail Federation
NCTA
NetApp, Inc.
Netflix
New Hampshire Home Builders Association
New Hampshire Retail Association
New Jersey Gasoline, Convenience Store, and Automotive Association New Jersey Society of Certified Public Accountants
New York Association of Convenience Stores
Newspaper Association of America
Nikanen Center
North Dakota Association of Builders
North Dakota Grocers Association
Northern Rhode Island Chamber of Commerce
Northwest Grocery Association – Oregon, Washington, Idaho
NTCA – The Rural Broadband Association Oceanside Chamber of Commerce, Oceanside, CA Ohio Council of Retail Merchants
Ohio Grocers Association
Ohio Home Builders Association
Ohio Hotel & Lodging Association
Ohio Restaurant Association
OkCupid
Olympico Strategies
One3LED, Chesterfield, MO
Oracle
Oregon Home Builders Association
Oregon Neighborhood Store Association
Oregon Newspaper Publishers Association Oregon Restaurant & Lodging Association
Oregon Retail Council
Oregon State Chamber of Commerce Overstock.com
Pacific Printing Industries Association
Pandora Media, Inc.
PayPal Inc.
Pennsylvania Business Council
Pinterest
Plaid Pantries Inc.
Practice Fusion, Inc.
Printing Industries of America
Public Knowledge
QVC, Inc.
Rackspace
Realty One
Rebel Real Estate, Las Vegas, NV
Red Hat
reddit
RedLaser
Reno-Sparks Northern Nevada Chamber
Retail Association of Maine
Retail Association of Nevada
Retail Industry Leaders Association
Rhode Island Chamber of Commerce Coalition Rhode Island Food Dealers Association
Rhode Island Hospitality Association
Rhode Island Retail Federation
Roanoke Blacksburg Technology Council
Roanoke Regional Chamber of Commerce Round Rock Chamber of Commerce Sabre
Sacramento Hotel Association
Sail Point Technologies Inc. Salesforce.com Inc.
SAS
Seagate Inc.
Security Industry Association
Sidecar
Small Business & Entrepreneurship Council
Smarsh, Inc., Portland, OR
Snapchat
Software & Information Industry Association
South County Tourism Council
Southeastern Employment Services
Southern Arizona Home Builders Association
Sprint
Starwood Hotels & Resorts Worldwide, Inc.
Stayton Sublimity Chamber of Commerce, Stayton, OR
StubHub!
Taxpayers Protection Alliance
SurveyMonkey
Technology Association of Louisville, Kentucky
Texas Association of Builders
Texas Communications
The Internet Association
Texas Hotel & Lodging Association
The California Chamber of Commerce
The Graphic Arts Association, Trevose, PA
The Latino Coalition
The Tennessee Hospitality and Tourism Association, Nashville TN TripAdvisor, Inc.
Twitter, Inc.
Tyco International
U.S. Travel Association
Uber Technologies, Inc.
Utah Hotel and Lodging Association
Verizon Communications Inc.
Viceroy Films
Vimeo, LLC
Virginia Chamber of Commerce
Virginia Retail Federation
Virginia Retail Merchants Association
Vizio
VMWare
Washington Newspaper Publishers Association Whataburger
Windstream Xante
Yahoo!
Yelp, Inc.
Yum! Brands, Inc. Zenefits
Zynga Inc.
Free Market Groups
American Consumer Institute Center for Individual Freedom Citizen Outreach
Independent Women’s Forum Institute for Liberty
Minnesota Center-Right Coalition Niskanen Center
R Street Institute
Small Business & Entrepreneurship Council Taxpayers Protection Alliance
Business Executives
Chad Dickerson, Chairman & CEO, Etsy
Michelle Peluso, CEO, Gilt
Kevin Ryan, Chairman & Founder, Gilt, MongoDB, Business Insider, Zola Eric Schmidt, Executive Chairman, Google
Jeff Weiner, CEO, Pinterest
Taylor Rhodes, President & CEO, Rackspace
Stephen Kaufer, President & CEO, TripAdvisor
Jack Dorsey, CEO & Co-Founder, Twitter
Marissa Mayer, CEO, President & Director, Yahoo
Jeremy Stoppelman, CEO, Yelp
Gary Shapiro, President and CEO, Consumer Electronics Association
General Counsels
Michael Dillon, Adobe Systems David A. Zapolsky, Amazon.com Paul Sieminski, Automattic Mark Chandler, Cisco Systems
Steven E. Anderson, Culver Franchising System Mark G. Howard, Cumberland Farms & Gulf Oil Jordan Breslow, Etsy
George Green, Food Marketing Institute
Kathy Leo, Gilt Groupe
Kent Walker, Google
Abel Martinez, H-E-B
Benjamin Berman, Kayak Software Corporation Michal Rosenn, Kickstarter
Brad Puryear, Mansfield Energy Corp.
David Pashman, Meetup
R. Timothy Columbus, Society of Independent Gasoline Marketers of America James G. Rizzo, National Association of Home Builders
Katherine Johnson, National Association of Realtors
Mallory B. Duncan, National Retail Federation
Craig E. Gosselin, Pacific Sunwear of California
Lawrence R. Hayes, QVC
Joe Akers, Racetrac Petroleum
Burke Norton, Salesforce.com
John G. Boswell, SAS
Gary L. Zimmerman, Sheetz
Ari Shahdadi, Tumblr
Craig L. Silliman, Verizon Communications