President Obama on Friday signed a bill that revamps the nation's patent law and includes a credit union-backed measure that could make it harder for patent holders to sue financial institutions for alleged violations.
Obama said the measure would spur job growth by speeding up the patent approval process.
“We've got a lot of competition out there. And if we make it too hard for people with good ideas to attract investment and get them to market, then countries like China are going to beat us at it and beat us to it,” the president said in remarks before signing the bill at Thomas Jefferson High School for Science and Technology in Alexandria, Va.
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