The National Venture Capital Association, fearful that the creation of broad rules shifting fees to the losers of patent lawsuits could make it harder for people to fund startups and create new gadgets, also opposes the bill.

Despite its good intentions to discourage abusive suits, the Innovation Act “would make patent enforcement so risky and expensive that it could dry up innovation in certain sectors,” Bobby Franklin, president of the trade association, said in a statement.

“Many innovative companies require strong patent protections to prevent others from copying their innovative ideas and will not survive otherwise,” Franklin said.

Read the Story