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Today Marks a Victory for Patent Trolls
WASHINGTON, May 21, 2014 – The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on the announcement that Senate Judiciary Committee has shelved the patent reform bill:
“Withdrawing the patent reform bill is a victory for patent trolls.
“We are deeply disappointed that groups representing the status quo have continued to stall and stymie attempts at effective patent reform.
“Even though this is a loss for Main Street merchants, end-users will continue to work with those committed to strengthening and reforming our patent system. Small business owners, retailers, grocers, banks, coffee shops and restaurants need patent relief now, and without Senate action the problem will only grow worse.
“We will not rest until the bipartisan compromise ironed out by Senators Schumer and Cornyn is brought before the Judiciary Committee for consideration.
“Let’s hope this setback marks the last victory for patent trolls.”
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. nrf.com