Oregon Congressman Peter DeFazio (D-Springfield) issued the following statement in response to President Obama’s plan to stop egregious patent troll lawsuits:
“Last year, I visited a small business in my district that was forced to delay hiring new employees because they had to deal with an extortionate lawsuit from a patent troll. After this visit I introduced the SHIELD Act, the first bill in Congress specifically aimed at stopping patent trolls and their abuse of our patent system.
“Across the country, patent trolls have drained billions of dollars and countless jobs from nearly every sector of the economy. I welcome the President’s announcement and applaud the actions he plans to take. And I agree with him. If we want to protect American innovators, businesses and jobs, Congress must act. I will continue to work with the members on both sides of the aisle to pass a bipartisan, common sense bill that will curb these egregious lawsuits and help American innovators defend themselves against patent trolls.”