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Obama signs bill overhauling patent, trademark laws

President Obama has signed legislation overhauling the nation’s patent and trademark laws, a move the administration claims will speed the patent process and spur job growth.

Appearing at an event at Thomas Jefferson High School for Science and Technology in Alexandria, Va., Friday, Obama signed the America Invents Act into law, changing the U.S. from a first-to-invent to a first-to-file patent system.

“I asked Congress to send me a bill that reforms the outdated patent process, a bill that cuts away the red tape that slows down our investors and entrepreneurs,” he said. “And today I’m happy to have the opportunity to finally sign that bill.”

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