Arlington, VA – 08/01/2012 – The following statement is attributable to Michael Petricone, senior vice president, government and regulatory affairs, Consumer Electronics Association (CEA)®
, following today’s introduction of the Saving High-tech Innovators from Egregious Legal Disputes (SHIELD) Act by Rep. Peter DeFazio (D-Ore.) and Rep. Jason Chaffetz (R-Utah):
“The recent explosion of lawsuits brought by non-practicing entities, better known as ‘patent trolls,’ is a tax on technology and an anchor on our ability to compete internationally. Every dollar companies spend fighting baseless lawsuits is a dollar not spent on creating jobs and developing new products.
“The bipartisan SHIELD Act introduced today would take a club to these patent trolls by allowing legal fees to be assessed against those bringing frivolous patent lawsuits. The SHIELD Act is an important first step in bringing patent trolls under control.
“We commend Rep. Chaffetz and Rep. DeFazio for their leadership on this critical issue, and we encourage Congress to swiftly pass this pro-innovation bill.” CEA President and CEO Gary Shapiro also published a related column on the SHIELD Act in Forbes
The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $206 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media.
Press Release, Public Policy & Government Affairs, CEA General
CEA, Petricone, "SHIELD Act"