Innovation Alliance Statement on Introduction of Bipartisan Restoring America’s Leadership in Innovation Act by Representatives Massie and Kaptur
WASHINGTON, D.C. – Innovation Alliance Executive Director Brian Pomper today issued the following statement on the introduction of the bipartisan Restoring America’s Leadership in Innovation Act by Representatives Thomas Massie (R-KY) and Marcy Kaptur (D-OH):
“The Innovation Alliance applauds Representatives Massie and Kaptur for introducing the bipartisan Restoring America’s Leadership in Innovation Act. Their bill reflects a clear understanding of the importance of strong patent protections in incentivizing innovation and driving economic growth and job creation.
“Like the STRONGER Patents Act, which has now been introduced in both the House of Representatives and the Senate, the Restoring America’s Leadership in Innovation Act seeks to address the alarming decline in the U.S. patent system and U.S. innovation in recent years. In 2018, the U.S. fell to 12th place in the U.S. Chamber of Commerce’s international ranking of patent system strength, falling behind countries such as South Korea and Spain. The U.S. also fell out of the top 10 of Bloomberg’s international innovation index for the first time. Meanwhile, startup activity in the U.S. has slumped and venture capital investment has increasingly moved overseas.
“As awareness of this problem grows, we are hopeful that Congress will soon move to enact legislation that will restore the U.S. to its position as the global leader in innovation.”
ABOUT THE INNOVATION ALLIANCE
The Innovation Alliance represents innovators, patent owners and stakeholders from a diverse range of industries that believe in the critical importance of maintaining a strong patent system that supports innovative enterprises of all sizes. Innovation Alliance members can be found in large and small communities across the country, helping to fuel the innovation pipeline and drive the 21st century economy. Learn more at www.innovationalliance.net.
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