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No, the America Invents Act did not cost ‘the economy’ $1 trillion

In a guest post at the blog PatentlyO, IP consultant Richard Baker of West Newbury, Mass.-based New England Intellectual Property LLC reviews the results of AIA’s IPR changes, and comes to the bizarre and puzzling conclusion that the law has actually cost the U.S. economy in excess of $1 trillion.(!)…To the contrary, what his analysis lacks most is any accounting of the very real benefits that accompany invalidating patents that never should have been granted in the first place.

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United for Patent Reform (UFPR) today issued the following statement in opposition of the recently introduced PREVAIL Act, a bill that would essentially repeal a fundamental pillar of the America Inve

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