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Biden Is Helping China Plunder American Tech Companies
Newsweek ^ | 04/12/2022 | Gordon Chang

Posted on 04/24/2022 8:27:32 PM PDT by SeekAndFind

The Biden administration has proposed a technical—but critical—change to U.S. patent policy that could have been drafted in Beijing. In fact, a Chinese front organization has formally endorsed the proposal, which will gut protection for an especially important type of American patents.

Last December, the Antitrust Division of the Department of Justice, along with the U.S. Patent and Trademark Office and the National Institute of Standards and Technology, issued the Draft Policy Statement on Licensing Negotiations and Remedies for Standards-Essential Patents Subject to Voluntary F/RAND Commitments.

The Draft Policy, according to the Justice Department, would lead to "widespread and efficient licensing" by holders of standards-essential patents (SEPs) and thereby "promote technology innovation, further consumer choice and enable industry competitiveness."

As the Center for Strategic and International Studies notes in its public comment on the Draft Policy, the Justice Department promotes the change "as an effort to encourage good-faith licensing negotiations."

Standards are the technical specifications that "shape" products, services and processes. SEPs, which protect the technology included in standards, safeguard American economic leadership. SEPs defining 5G communications are held by American companies, for instance. Standards are a hotly contested tech battleground between the U.S. and China.

America's ability to develop new technologies is only as strong as its patents, and patents are only as strong as the rights of patent holders. The Draft Policy makes it extremely difficult, perhaps nearly impossible, for SEP holders to get federal court-ordered injunctions stopping uses of infringing products. The proposed change would even prevent the U.S. International Trade Commission from halting the importation of foreign infringing products.

"The Draft Policy statement goes further than prior statements removing any leverage for SEP holders in license negotiations by expressly saying that monetary damages will usually fully compensate a SEP holder for infringement,"

(Excerpt) Read more at newsweek.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: biden; bidenvoters; china; spying; technology
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1 posted on 04/24/2022 8:27:32 PM PDT by SeekAndFind
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To: SeekAndFind

C’mon, man! It’s not like he’s changing oversight of nuclear weapons technology such as MIRVs and ICBM guidance systems to make it easy for China to get that stuff.


2 posted on 04/24/2022 8:35:44 PM PDT by TigersEye (Is it time for a general strike yet?)
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To: SeekAndFind

China is sure getting it’s money’s worth.


3 posted on 04/24/2022 8:36:23 PM PDT by JoSixChip (2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
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To: SeekAndFind

Patent holders that help set a standard should have a duty to disclose their patent interest in the proposed standard.


4 posted on 04/24/2022 8:37:02 PM PDT by Brian Griffin
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To: SeekAndFind

10% to the Big Guy.


5 posted on 04/24/2022 8:37:59 PM PDT by BipolarBob (I think I'm turning Japanese, I really think so.)
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To: SeekAndFind

I’ve filed for three inventions. A near total waste of my time and money.

Except for chemical and drug inventions, patents should be banned as mere legal landmines.


6 posted on 04/24/2022 8:41:20 PM PDT by Brian Griffin
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To: SeekAndFind

China gets to make almost all new patented items because it is the manufacturing powerhouse of the world.


7 posted on 04/24/2022 8:43:27 PM PDT by Brian Griffin
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To: JoSixChip

He’s been their number one employee for 30 years straight.


8 posted on 04/24/2022 8:43:51 PM PDT by Jonty30 (I did not shoot the burglar. I pointed a laser dot on his head and let the cats do the rest. )
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To: SeekAndFind

The transistor and electronic color television were subject to compulsory licenses.

Music is typically subject to compulsory licensing.


9 posted on 04/24/2022 8:45:42 PM PDT by Brian Griffin
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To: SeekAndFind

The 35 USC 103 obvious standard should be changed to or complemented by an inevitable discovery standard.

If something is not obvious in 2022 but would inevitably be discovered by 2025 it is not sensible to hand out a 20-year monopoly on that something.


10 posted on 04/24/2022 8:52:11 PM PDT by Brian Griffin
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To: SeekAndFind

“Biden Is Helping China Plunder American Tech Companies”

But hey, at least no more mean tweets!!


11 posted on 04/24/2022 8:54:56 PM PDT by anthropocene_x
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To: SeekAndFind

There are million of patents in force.

It is easier for me to think than to wade through and comprehend mind-numbing stacks of patents.


12 posted on 04/24/2022 8:56:38 PM PDT by Brian Griffin
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To: SeekAndFind

What could Putin do to us that Biden and the left aren’t doing now?


13 posted on 04/24/2022 9:53:56 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: SeekAndFind
Obtaining a patent is a constitutional right.

What's next?

DOJ gonna take down 1st and 2nd?
14 posted on 04/24/2022 10:02:32 PM PDT by indthkr
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To: SeekAndFind

The bigger problem here is that these should not be policy decisions. Congress must decide the laws on intellectual property, and it must ratify any treaty (or changes to existing ones).


15 posted on 04/24/2022 10:35:48 PM PDT by unlearner (Si vis pacem, para bellum. Let him who desires peace prepare for war.)
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To: SeekAndFind

John Kerry actively worked to move U.S. tech production to China in the late 90’s. Biden just getting in on the money making act.


16 posted on 04/24/2022 11:37:07 PM PDT by gunsequalfreedom (ui)
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To: SeekAndFind
Newsweek ^ | 04/12/2022 | Gordon Chang

Way-way-way-wait! Newsweek is publishing an article 1) by Gordon Chang that is 2) critical of Bidenia?

Are there pigs flying at my windows?

17 posted on 04/25/2022 3:53:37 AM PDT by SamuraiScot
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To: SeekAndFind

It was the free traitors who did this. Biden is the result, not the cause.


18 posted on 04/25/2022 4:19:37 AM PDT by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
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To: JoSixChip
China is sure getting it’s money’s worth.

Thanks to the free traitors, they're paying for it with our money.

19 posted on 04/25/2022 4:20:13 AM PDT by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
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To: SeekAndFind

Not just tech companies...


20 posted on 04/25/2022 4:25:58 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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