INTELLECTUAL PROPERTY LEGISLATION PASSES HOUSE -- (House of Representatives - March 16, 2004)
(Mr. SMITH of Texas asked and was given permission to address the House for 1 minute.)
Mr. SMITH of Texas. Madam Speaker, three intellectual property bills have passed the House in the last 2 weeks. They were based on two principles essential to a democracy: the protection of intellectual property rights and the freedom to exchange goods and services in the marketplace. The Patent and Trademark Office Fee Act protects the rights of American inventors, from the lone individual working in their garage, to the small business person with a breakthrough idea, to the large high-tech company that applies for hundreds of patents. The Copyright Royalty and Distribution Reform Act benefits artists, songwriters, music publishers and Web casters. The Cooperative Research and Technology Enhancement Act allows researchers and inventors who work for different organizations to share information without losing the ability to file for a patent.
These three bills await action in the Senate where I hope they will become law. American jobs and profits are at stake.