Intellectual Ventures supports improvements to the patent system, and we supported the President when he introduced the American Invents Act (AIA) in 2011. The AIA received broad, bipartisan support and represents an ambitious overhaul to the current patent system. Although we appreciate some of the President’s current proposals and believe they could help alleviate some of the issues that persist in the current patent system, Intellectual Ventures would encourage lawmakers to continue pursuing the bold changes set forth as part of the AIA since they have yet to be fully adopted.
As for specific comments on the White House Task Force on Hi-Tech Patent Issues, the details of these proposals still need to be reviewed more closely. As we’ve argued in the past, Intellectual Ventures believes ‘real party in interest’ proposals are misguided and merit further discussion, but we will of course comply with whatever regulations are enacted.