Partnership hosts Rep. Judy Chu, U.S. Chamber for intellectual property roundtable
PASADENA, CA - On Monday, August 6th the Partnership, the U.S. Chamber of Commerce, and the Alliance for SoCal Innovation hosted Congresswoman Judy Chu (D-Pasadena) at a special intellectual property roundtable discussion with half a dozen local companies. The event was hosted at Supplyframe DesignLab in Pasadena - a unique incubator space for creative engineering and tech companies.
Intellectual property protections provide security for companies that invest precious resources into extensive research and development. By owning the trademark, copyright or patent on a new discovery or technology, companies can fuel economic growth, hire more employees and build stronger communities. Without strong, workable protections for intellectual property, businesses are at the risk of being unable to build on their own discoveries and research.
Congresswoman Chu is very familiar with these important issues. She is the co-founder and co-chair of the Congressional Creative Rights Caucus, a bi-partisan group of lawmakers working to strengthen intellectual property protections, especially from competitors overseas who steal American companies' products and designs.
The discussion at the roundtable generated several ideas on how to improve the legal and regulatory environment to better protect intellectual property. One suggestion was for the loser in litigation to pay the costs for both parties, thereby ensuring that there are consequences for pernicious bad actors. Another comment suggested that patent decisions be tried in the home state of the company in question, rather in states where people claiming patent or copyright infringement reside. There was also a wide-ranging discussion of how to improve the performance and regulatory processes of the U.S. Patent and Trademark Office.
For more information on this event, see coverage (in Chinese) at the World Journal.