TechNet Statement in Support of H.R. 3309, The Innovation Act

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December 4, 2013

TechNet Statement in Support of H.R. 3309, The Innovation Act

Washington, D.C. – TechNet, the bipartisan policy and political network of CEO’s that promotes the growth of the innovation economy, issued the following statement in support of H.R. 3309, The Innovation Act:

“TechNet and its members listed below are proud to support H.R. 3309, as reported by the House Judiciary Committee, and applauds Chairman Goodlatte and members of the Judiciary Committee for their leadership and hard work to pass this bill out of Committee on a strong bipartisan vote of 33-5,” said Dan Turrentine, Vice President of Government Relations.  “If enacted, this legislation would be an important and effective measure to prevent frivolous claims of patent infringement and harassing threats against end users and innovators.  The fear and consternation caused by patent trolls has been stifling not just for Fortune 1000 companies, but additionally for start-ups.  Without the important reforms in H.R. 3309, the disruptive impact of predatory patent litigation will give prospective investors pause and slow the path of innovative new companies and industries just over the technology horizon.  We urge Members of the House to support this bill to help ensure America’s economic competitiveness and technology leadership around the world.”

About TechNet:

TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet’s members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, D.C., Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: www.technet.org. You can also follow us on Facebook and Twitter at @technetupdate.