Bill strikes right balance of preventing bad behavior while protecting patent holders
ARLINGTON, VA – The National Venture Capital Association (NVCA) issued the following statement today after the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade passed the Targeting Rogue and Opaque Letters (TROL) Act of 2014.
“On behalf of our nearly 400 members and the entrepreneurs they support, NVCA applauds the subcommittee for taking this important first step to rein in the growing problem of patent trolls sending frivolous demand letters alleging patent infringement,” said Bobby Franklin, President and CEO of NVCA. “This bill strikes the right balance of curbing abusive behavior while maintaining a strong patent protection system so that legitimate patent holders can continue to defend themselves. However, we do believe improvements can be made to the bill to restrict bad faith actors and reduce the number of unwarranted investigations innovators face. While the TROL Act is a good first step toward protecting the integrity of our patent system, we continue to believe comprehensive reform legislation remains the best pathway to protect patent-dependent entrepreneurs and companies as well as encourage long-term investment in innovative ideas and technologies.”