Senate Democrats

Reid: Reforming Patent System Will Spur Innovation And Create Jobs

Washington, D.C.Nevada Senator Harry Reid released the following statement today following Senate passage of the America Invents Act, which reforms the U.S. Patent system:

“Democrats are focused on one thing: creating jobs. The America Invents Act will create as many as 300,000 jobs by promoting innovation and protecting small businesses. This bill will grow our economy without adding a penny to the deficit.

“With more than 700,000 patent applications waiting in a three-year line for approval, reform cannot come soon enough for inventors waiting to take their ideas from dusty garages to the assembly line. The next laptop computer, iPod or other great invention can’t put Americans back to work if it’s waiting in a patent office backlog. This legislation will ensure that our patent system spurs innovation, fuels our economy and creates jobs, instead of holding businesses back.

“This bipartisan bill is an example of what we can accomplish when we work together. We hope Republicans stop playing to their base with a reckless spending bill that would destroy 700,000 American jobs, and instead start helping Democrats pass common-sense solutions that create jobs.”