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Texas House Passes Patent Troll Legislation
Tuesday, May 26, 2015 6:55 AM

The House has passed legislation the Texas Credit Union Association has been supporting to address the problem some credit unions had experienced with "patent trolls."

SB 1457 by Sen. Robert Nichols (R-Jacksonville) and Rep. Travis Clardy (R-Nacogdoches) intends to address the problem of "patent assertion entities," commonly known as patent trolls, which acquire patents with the sole purpose of initiating patent infringement litigation and getting licensing fees or settlements from their targets. Businesses may find that the cost of fighting the lawsuit is greater than paying off the patent troll. This bill makes it illegal to send a bad-faith claim of patent infringement and authorizes the attorney general to impose civil penalties for such offenses.

The bill passed by the Senate a few weeks ago, passed the House by a vote of 140–0. It now heads to the governor.

Contact Jeff Huffman, president, Texas Credit Union Association, at 469-385-6488 or jhuffman@txcua.coop for more information.