Community Bankers Association of Illinois

CBAI-Backed Patent Overhaul Bill Signed into Law
September 16, 2011

President Barack Obama has signed into law the CBAI and ICBA-backed patent reform legislation, the first overhaul of the nation's patent system in more than 50 years.

The America Invests Act (H.R. 1249) changes the United States from a first-to-invent to a first-to-file patent system which would bring the U.S. more in line with the rest of the world's patent systems. In addition, Section 18 of the Act contains protections for community banks from litigation over the use of poor-quality business-methods patents. This Section provide for proceedings at the Patent and Trademark Office where business-methods patents can be re-examined by experts using the best prior art as an alternative to costly litigation. A recent example of flimsy business-methods patent litigation involves the use of check imaging.

Passage of the Act in the United States House of Representatives (304 to 117) and the United States Senate (89 to 9) reflected significant and bipartisan support for this important legislation.

Senator Durbin and Senator Kirk voted to pass the Act.

House members Jackson (D), Gutierrez (D), Quigley (D), Roskam (R), Davis (D), Walsh (R), Schakowsky (D), Dold (R), Kinzinger (R), Biggert (R), Johnson (R) and Shimkus (R) voted to pass the Act.

House members Rush (D), Lipinski (D), Costello (D), Hultgren (R), Manzullo (R), Schilling (R) and Schock (R) voted against the Act.

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