Biggest Internet Companies Urge House Leadership To Pass Innovation Act

Chairmen and executives from the nation's largest Internet companies, including Google, Etsy, LinkedIn, Pinterest and Yahoo, submitted a joint letter Thursday to House leadership urging the passage of the Innovation Act (HR-9). "As inventors ourselves, we support the Innovation Act because it strikes a reasonable compromise between protecting patent holders' rights and removing the threat of frivolous patent troll litigation," the letter said. The reforms in HR-9 are "not silver bullets," the letter said, but they "help remove factors that make the patent troll business model a no-risk, high-reward enterprise. The Innovation Act is a positive step in the right direction for our economy."