Pending Patent Legislation Stifles The Next Steve Jobs

By Rep. Dana Rhorabacher (R-CA)
Steve Jobs started Apple in his garage in Silicon Valley. Jeff Bezos founded Amazon in an apartment garage outside Seattle. Stanford students Sergey Brin and Larry Page got Google off the ground in a garage they rented south of San Francisco. ✧ But a Senate bill supported by these companies and a handful of other deep-pocketed multinational corporations threatens to close the garage doors of small inventors forever. If enacted, it will stifle American innovation and destroy untold numbers of future jobs. ✧ I am speaking of S.1720, the so-called "Patent Transparency and Improvements Act of 2013." Its backers claim it will reduce frivolous patent lawsuits. In reality, it was designed to rid big high-tech companies of what they fear the most: little guys with great ideas. (The equivalent House Bill is H.R.3309.) Read More at Investor's Business Daily

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