Competition & Regulation

CFA Letter to the Senate Committee on Judiciary on Intellectual Property Rights

CFA believes that the framework of Intellectual property rights established in Article 8 of the U.S. Constitution is one of the pillars on which the economic success of the United States rests. Article I, Section 8 empowers the Congress to enact legislation with the primary purpose of striking a balance between providing the incentive to invent and innovate and promoting the public interest in the free flow of ideas. Over the course of the past two centuries, Congress has recognized when changes in the economy or developments in the implementation of the Intellectual property rights regime requires modifications in the statute. CFA believes that this is such a moment. Congress must act swiftly and aggressively to reign in and eliminate the pernicious, abuse of intellectual property rights by patent trolls and those who seek overbroad patents.