Latest Anti-Troll Bill Would Overhaul Patent Law

By Ryan Davis (May 22, 2013, 8:16 PM EDT) -- A new piece of legislation aimed at cracking down on the tactics of so-called patent trolls, introduced in Congress on Wednesday, would make significant changes to patent law, setting stringent new pleading requirements, restricting discovery and creating a "loser pays" system.

The Patent Abuse Reduction Act, introduced by Sen. John Cornyn, R-Texas, joins three other bills now under consideration as companies that assert patents but do not make any products come under intense scrutiny from lawmakers.

Cornyn, a member of the Senate Judiciary Committee, said in a statement that his bill would modernize the U.S. patent system to "protect innovators unfairly...

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