Proposed bill takes aim at patent trolls

Rep. Bob Goodlatte, R-Va., introduced a bill Wednesday that seeks to curb frivolous lawsuits by so-called patent trolls, companies that own patents with the sole aim of making money through patent infringement claims and settlements. The Innovation Act aims to make abuse of the patent system harder through reforms, including making the losing party in a patent lawsuit pay the winning party's legal fees, promoting patent transparency and throwing out low-quality patents.

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