Senate Passes Biggest Changes to U.S. Patent Law Since 1952

The U.S. Senate approved a measure today that would let the U.S. Patent and Trademark Office set its own fees and keep all the money it collects, part of an effort to speed up protection for innovations.

The legislation, which passed 95-5, has the support of the Obama administration. It would mark fundamental changes in how patents are reviewed and is considered the biggest change to U.S. patent law since 1952.

To contact the reporter on this story: Eric Engleman in Washington at eengleman1@bloomberg.net

To contact the editor responsible for this story: Allan Holmes at aholmes25@bloomberg.net

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