Law360, New York ( April 30, 2015, 10:54 AM EDT) -- Nonpracticing entities are awful! How dare they exploit the patent system? NPEs threaten companies with drawn out patent litigation unless they pay a ransom, i.e., a licensing fee, which is less than the cost of litigation. NPEs must be stopped, right? Welcome to patent reform 2015. Last year, the U.S. House of Representatives passed new patent legislation to stop NPEs from exploiting the patent system. The 2014 legislation stalled in the Senate. This year, the House reintroduced its legislation, the Innovation Act, while the Senate has introduced two competing bills: the Strong Patent Act and the PATENT Act. Because the Senate's PATENT Act is similar to the House's Innovation Act, new patent reform legislation will likely pass this year. Regardless of which of the pending proposals make it into the final law, the pending patent reform proposals will not solve the NPE problem because the reforms are not addressing the right problem....
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