Quantcast

McCaskill to Lead Senate Hearing to Protect Jobs, Businesses fro - KOAM TV 7

McCaskill to Lead Senate Hearing to Protect Jobs, Businesses from ‘Patent Trolls’

Updated:

NEWS RELEASE ISSUED BY THE OFFICE OF SENATOR CLAIRE MCCASKILL (MO.)

Thursday: McCaskill to Lead Senate Hearing to Protect Jobs, Businesses from ‘Patent Trolls’

Companies that use ‘demand letters’ to intimidate small businesses, discourage innovation are new target for Senator

WASHINGTON – In her ongoing effort to protect and expand job and business opportunities, U.S. Senator Claire McCaskill will lead a Senate hearing on Thursday to examine how “patent trolls”—companies that buy patents, but then fail to actually produce goods or services, opting instead to intimidate or sue other small businesses—are stifling innovation, and harming businesses and consumers.

McCaskill’s hearing in the Senate Subcommittee on Consumer Protection will take place Thursday, November 7 at 10:00 a.m. ET.

Watch the hearing live on Thursday, HERE.

Earlier this year, the Federal Trade Commission announced that it would launch a study of “patent trolls,” officially known as patent assertion entities (PAEs), in an effort to gain better insight about their business practices. PAEs are companies that purchase patents and monetize them by demanding licensing fees or settlements—usually under the threat of litigation—from unsuspecting businesses using similar technologies. Unlike some businesses that assert patent rights over patents that they own and use, PAEs do not produce any goods or services with their patents.

Most concerning are PAEs that use “demand letters” to unfairly or deceptively target small businesses, which often do not have the resources to engage in protracted and costly patent litigation.

McCaskill—Chairman of the Consumer Protection subcommittee—recently launched an online tool that allows individuals to report scams and fraud they encounter in advertising and sales.The “Submit Your Scam” button at www.McCaskill.senate.gov allows constituents to submit personal stories and tips to help McCaskill crack down on scams and protect consumers. Read more about McCaskill’s fight to protect American consumers, HERE.

Subcommittee on Consumer Protection, Product Safety and Insurance

Thursday, November 7

10:00 a.m. ET

Russell Senate Office Building, 253

###


  • NewsMore>>

  • Vigil Planned to Honor Joplin Officer Killed in Motorcycle Crash

    Vigil Planned to Honor Joplin Officer Killed in Motorcycle Crash

    Saturday, July 21 2018 5:32 PM EDT2018-07-21 21:32:34 GMT

    The community plans a vigil to honor  a Joplin officer and his wife, both killed in a motorcycle crash.

    More >>

    The community plans a vigil to honor  a Joplin officer and his wife, both killed in a motorcycle crash.

    More >>
  • A Joplin Officer and Wife Killed in Crash

    A Joplin Officer and Wife Killed in Crash

    Friday, July 20 2018 5:25 PM EDT2018-07-20 21:25:49 GMT
    David and Stacey BrewerDavid and Stacey Brewer

    According to the Cherokee County Sheriff's Office, the two-vehicle crash happened at NW 100th and Highway 160 west of Columbus, Kansas around 9:59 a.m. Friday morning, July 20th, 2018. Authorities say the preliminary investigation indicates a 2014 Harley Davidson motorcycle was heading west on Highway 160 when a 2007 Pontiac passenger car pulled onto the highway and the two vehicles collided. 42-year-old David Brewer was driving the motorcycle. His wife, 41-year-old Stacey Brewe...

    More >>

    According to the Cherokee County Sheriff's Office, the two-vehicle crash happened at NW 100th and Highway 160 west of Columbus, Kansas around 9:59 a.m. Friday morning, July 20th, 2018. Authorities say the preliminary investigation indicates a 2014 Harley Davidson motorcycle was heading west on Highway 160 when a 2007 Pontiac passenger car pulled onto the highway and the two vehicles collided. 42-year-old David Brewer was driving the motorcycle. His wife, 41-year-old Stacey Brewe...

    More >>
  • Miami Arson/Burglary Arrest, Court Documents Received

    Miami Arson/Burglary Arrest, Court Documents Received

    Friday, July 20 2018 2:01 PM EDT2018-07-20 18:01:20 GMT
    Joseph WilliamsJoseph Williams
    Joseph WilliamsJoseph Williams
    KOAM/FOX 14 receives court documents after a Miami, Oklahoma man is arrested for arson, burglary and drug possession. The Ottawa County Prosecutor's Office has charged 29-year-old Joseph Williams with the following: -One count of second degree arson (felony) for setting fire to Anders Shoes located at 27 South Main Street on July 10th, 2018 -Two counts of second degree burglary (felony) for breaking and entering into Anders Shoes twice in July of 2018 -One count of possession of...More >>
    KOAM/FOX 14 receives court documents after a Miami, Oklahoma man is arrested for arson, burglary and drug possession. The Ottawa County Prosecutor's Office has charged 29-year-old Joseph Williams with the following: -One count of second degree arson (felony) for setting fire to Anders Shoes located at 27 South Main Street on July 10th, 2018 -Two counts of second degree burglary (felony) for breaking and entering into Anders Shoes twice in July of 2018 -One count of possession of...More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.