“By 93-5, the U.S. Senate voted to end debate on shifting the country to ‘first-to-file’ system for receiving a patent from a ‘first-to-invent’ system. Senate Democratic aides said that final passage could come as early as this week,” Hughes reports. “The U.S. House of Representatives has already cleared the bill, and an earlier version of the measure passed the Senate overwhelmingly earlier this year by a 95-5 vote. President Barack Obama had earlier indicated he would sign a patent-overhaul bill into law.”
Hughes reports, “Patent overhaul was for years pushed by large companies that say awarding patents to the first inventor creates legal challenges that slow the development of new products. But small entrepreneurs, fearful that they lack the resources to quickly file patent applications, worry about losing out to large corporations with greater means to be the first to file for a patent.”
Read more in the full article here.