Senate Passes Menendez Plan To Fast-Track Cutting Edge Technologies
Major Boost to New Jersey’s Entrepreneurial Community
March 9, 2011
Menendez: “Create Jobs by Harnessing Innovations, Not Tying Them Down with Red Tape”
Washington – In a major boost to New Jersey small businesses and entrepreneurs, the US Senate today passed new steps to prioritize patents for technologies of importance to America's economy, including cutting-edge green technologies. US Senator Robert Menendez (D-NJ) led the fight to prioritize applications for innovative technology and his amendment was included in the America Invents Act which passed the Senate tonight.
The Patent Office’s current pilot program on green technologies has allowed patents to be granted more quickly than the average 2 to 3 year wait. The Menendez amendment would allow the Patent Office to expedite patents of vital national importance.
"We create jobs by harnessing the ideas of our innovators, not tying them down with red tape. The ideas of the future are within our grasp. An efficient government will register those ideas, and then get out of the way. Only then can our small businesses do what they do best – grow our economy and create jobs," said Menendez.
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