We have heard pleas from businesses across the board that the patent system is increasingly becoming a forum for financial speculation and litigation rather than innovation. American innovators and small businesses across the country are being forced to divert critical resources to defend themselves against vague claims of patent infringement, resulting in substantial drains on our economy.
Vitter goes on to emphasize that our patent system fuels the economy and that patent reform discussion must include "a detailed analysis of how legislation would further impact small business, investors, and universities."