Senators Jerry Moran (R-KS) and Mark Warner (D-VA) reintroduced their Startup Act, bipartisan legislation intended to encourage job growth and the creation of new innovative businesses. In 2017, the senators last introduced this legislation, which would accelerate the commercialization of university research, review and improve the regulatory processes at the federal, state and local levels, and modernize an Economic Development Administration (EDA) program designed to promote innovation.
Last week, United States Patent and Trademark Office Director Andrei Iancu gave a speech to the Eastern District of Texas Bar Association, where he implied that patent trolls were not a real problem faced by innovators, but instead just a “narrative” made up to scare away innovators. Not only is this factually inaccurate, but it is troubling that Director Iancu would ignore the overwhelming data showing that low-quality patents have led to a rash of abusive patent litigation directed towards small companies and entrepreneurs over the past decade.
The Trump Administration’s decision to rescind the International Entrepreneur Rule (IER) is deeply disappointing for startups across the country. The rule was enacted to create a pathway for immigrant entrepreneurs to build companies and create jobs in the United States. For an Administration that has promised to spur job growth, this decision is incredibly short-sighted and detrimental to our long-term economic prosperity.
Engine's statement following the announcement from the House Committee on Rules to consider H.R. 1865, the Allow States and Victims to Fight Online Sex Trafficking Act (FOSTA) on Monday, February 26th and the proposed amendment by Rep. Walters to include language from the Senate’s Stop Enabling Sex Traffickers Act (SESTA)
After more than 600 startups, investors, and innovators from across the country wrote to lawmakers this week, warning about the devastating consequences of a proposed tax change that could hurt small companies competing for talent, Engine applauds the Senate Committee on Finance for recent modifications to the Senate Tax Plan.
"Engine is proud to support the Support Our Startups Act, a bill that would reduce tax burdens on entrepreneurs in their first year of business. The bill from Sen. Tammy Baldwin (D-Wisc.) would help startups hit the ground running by increasing they amount they can write off as federal tax deductions in their first year.
Today, the Supreme Court delivered a blow to patent trolls by unanimously reversing the Federal Circuit’s decision in TC Heartland v. Kraft Foods Group Brands LLC. The high court ruled that defendants in patent cases can only be sued where they are incorporated or have a regular and established place of business. The decision will make it significantly harder for patent trolls to file lawsuits in jurisdictions that patent-friendly but otherwise unrelated to the claims at issue—most notably the Eastern District of Texas, where almost forty percent of patent cases were filed last year.