[Update 8/3/2011] In the immediate wake of the debt crisis “solution.” President Obama talked about the next steps for Congress. High on his agenda: Patent Reform:
Through patent reform, we can cut the red tape that stops too many inventors and entrepreneurs from quickly turning new ideas into thriving businesses — which holds our whole economy back.
Senate Majority Leader Harry Reid then announced that the patent reform bill will be the first item taken up for consideration when the Senate returns from recess.
Parallel patent reform Bills have already passed the House and the Senate. The Bills have a number of differences.
Senate democrates have filed a cloture motion to end debate on patent reform and take an immediate vote on H.R. 1249 in toto once the Senate returns from vacation in early September. Under this scenario, the legislation would not need to return to the House for any further consideration.