NRF Hails Patent Bill as eBay, Tech Firms Push for Reform

The leading trade group representing the retail industry lauded a bill introduced in Congress this week that would seek to curb frivolous but costly litigation targeting patent holders, a blight the National Retail Federation says is a growing problem for its members. The Innovation Act, backed by Bob Goodlatte (R-Va.), the chairman of the House Judiciary Committee, would provide for numerous reforms to rein in abusive lawsuits brought by entities that hold patents but don't use the covered intellectual property in any products or services.