TALLAHASSEE, Fla. (3/20/15)--With the support of the League of Southeastern Credit Unions, the Florida House Civil Justice Committee unanimously passed HB 1103, the Patent Troll Prevention Act Tuesday.
The bill, sponsored by Rep. Charlie Stone (R-Ocala), would require anyone sending a demand letter regarding patent infringement to specify certain items in order to prove the letter is not being sent in bad faith.
The Florida Credit Union Association was in attendance to support the legislation (eSignal Daily March 18).
The bill now moves to the Judiciary Committee. The Senate companion bill, SB 1084 by Sen. Jeff Brandes (R-St. Petersburg), has not yet been heard.
CUNA continues to press for patent law reforms that would ban abusive patent demand letters and lawsuits that can harm the financial services industry, as well as the consumers it serves.
In a statement with other trades submitted for the record of last month's House Energy and Commerce Committee hearing on Patent Demand Letter Practices and Solutions, CUNA laid out principles that should be applied to any forthcoming patent reform legislation.
During a hearing Wednesday, Sen. Chuck Grassley (R-Iowa) said he agreed with the sentiments of credit unions, among others, when it comes to passing meaningful legislation to deter abusive patent demand letters (News Now March 19).
Grassley, chair of the Senate Judiciary Committee that conducted the hearing, quoted a letter from Iowa businesses, including the Iowa Credit Union League, in his opening remarks.
"Congress should act decisively if we want to alleviate the problems that are harming businesses both big and small," Grassley said. "This will strengthen our patent system and benefit inventors, businesses and consumers alike."