CEA Cheers Introduction of the End Anonymous Patents Act
Arlington, VA – 05/17/2013 – The following statement can be attributed to Michael Petricone, senior vice president of government and regulatory affairs for the Consumer Electronics Association (CEA)®, in response to yesterday’s introduction of the End of Anonymous Patents Act (H.R. 2024) by Representative Ted Deutch (D-FL):
“Patent Assertion Entities’ (also known as PAEs or patent trolls) lawsuits have reached epidemic proportions in the technology industry. By exploiting loopholes in the law, patent trolls- who produce nothing of value penalize innovators and drive up prices for consumers.
“Patent trolls take advantage of the fact that it is often very difficult to determine who actually owns a patent. They engage in shell games, hide resources and assets and obscure who actually benefits from settlements and judgments.
“By requiring much-needed transparency through the disclosure of patent sales and clarification of ‘real-party-in-interest’ (RPI), this bill will better inform parties subject to lawsuits by patent trolls.
“We commend Rep. Deutch for introducing this bill. Combined with other measures, such as the SHIELD Act, this bill will help free innovators from the grip of those who profit from abuse of our current patent system.”
The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $209 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:
Public Policy & Government Affairs, CEA General