Printing Industries of America Supports Introduction of Innovation Act of 2013

Printing Industries of America (PIA) on Monday announced its support for the introduction of the Innovation Act of 2013. The act, introduced by House Judiciary Committee chairman Bob Goodlatte and a bipartisan group of co-sponsors, aims to address the recent abuses of the legal system by patent-assertion entities, or "patent trolls." It is estimated that more than $29 billion per year is wasted on these lawsuits, not accounting for the loss of innovation. This bill would increase transparency, discourage frivolous patent litigation and update current U.S. patent laws.