Patent Reform: Will Conservatives Allow Big Banks to Buy Congress?
by Capitol ConfidentialPatent Reform legislation is being championed in Congress by liberal Pat Leahy (D-VT) in the Senate and Judiciary Committee Chairman Lamar Smith (R-TX) in the House. Its disturbing that Smith seems to have gone native – going so far as to write editorials with Leahy – the man who savaged Clarence Thomas and dozens of conservative judicial nominees before his committee.
There is nothing conservative about Patent Reform and Leahy knows it. Too bad Smith doesn’t. In fact, Smith is pushing the House to vote on Leahy’s bill this week.
The legislation is a direct affront to American constitutional values and precedents, violates the Constitution and contains massive giveaways to big banks and the other Wall Street finance companies – each of them TARP recipients.
The House Leadership – flush with corporate cash – appears willing to turn their back on Tea Party principles in order to reward their K-Street benefactors. The legislation has some stalwart conservative opponents but some Republican Study Committee members appear to be sitting on their hands – or worse.
| Constitutional Values | Current Law | HR 1239 |
| The American Constitution has Protected Inventors. | Patents Issued to the “First to Invent” – American law. | Patents Issued to the “First to File” – European law. |
| Constitution Protects Property Rights | Patents are protected and violators pay fines | Section 18 allows banks to void current patents without just compensation |
| 200 Years of Patent Law | American System Protecting Inventors | European System Protecting lawyers and large corporations |
| Equal Treatment Under Law | Patents issued and litigated are preserved | Section 18 allows banks and Wall Street firms get special rights to void patents |
| Constitutional System | Respects Separation of Powers | Section 18 violates separation of powers |
HR 1239 Turns American Patent Law into European Patent Law







Subscribe via RSS
Got a Tip?