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Patent Overhaul Unveiled in U.S. House of Representatives

Patents would be issued to whoever files applications first and the U.S. Patent and Trademark Office would be allowed to set its own fees under a measure introduced today in the U.S. House of Representatives.

The proposal, sponsored by Republican Lamar Smith of Texas, is similar to one passed by the Senate in a 95-5 vote on March 8. If approved and made law, it would mark a fundamental change in how patents are reviewed and the biggest revision to U.S. patent law since 1952.

To contact the reporter on this story: Susan Decker in Washington at sdecker1@bloomberg.net

To contact the editor responsible for this story: Michael Shepard at mshepard7@bloomberg.net

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