This bill would amend federal patent law to provide a "good faith exception" to certain financial penalties. Specifically, it would allow entities to avoid fines related to patent assertions and certifications if they can demonstrate they acted in good faith. The legislation modifies two sections of Title 35 of the U.S. Code that govern patent fees and procedures. The bill would affect patent holders, companies making patent claims, and those involved in patent disputes by potentially reducing their liability for fines when they can show their actions were made honestly and without intent to deceive. No specific funding amounts or implementation timelines are specified in the legislation.
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