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Sen. Cornyn targets patent trolls with new bill

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Cornyn's bill, the Patent Abuse Reduction Act, would give defendants more information about the firms suing them and would limit the types of documents that firms would have to produce in discovery. The bill would also require parties to pay for their opponent's discovery costs beyond "core" materials.

Producing millions of documents for discovery is one of the main reasons that the cost of fighting a patent case is often so high.

In a statement, Cornyn said that abusive patent litigation "directs resources away from the research, development, wages and growth this country so desperately needs."

"These reforms will deter patent litigation abusers without prejudicing the rights of responsible intellectual property holders," he said.

The legislation is similar to the Shield Act, a bill co-sponsored by Reps. Peter DeFazio (D-Ore.) and Jason ChaffetzJason ChaffetzCongress's latest hacking investigation should model its most recent Fox News Audio expands stable of podcasts by adding five new shows The myth of the conservative bestseller MORE (R-Utah), that would require certain plaintiffs to pay for the defendant's attorney fees and other legal costs if their patent lawsuit fails in court.

Sen. Chuck SchumerChuck SchumerOn The Money: Yellen touts 'whole-of-economy' plan to fight climate change | Senate GOP adopts symbolic earmark ban, digs in on debt limit Hillicon Valley: Tech companies duke it out at Senate hearing | Seven House Republicans vow to reject donations from Big Tech Lawmakers reintroduce bill to invest billions to compete with China in tech MORE (D-N.Y.) has introduced the Patent Quality Improvement Act, which would require that the U.S. Patent and Trademark Office sign off on all patent lawsuits before they can move to the courts. 

Ken Wasch, president of the Software and Information Industry Association, applauded Cornyn for introducing "strong thoughtful legislation."

"It is a crucial step toward an effective legislative response to the plague of patent trolls damaging American innovation and our economy," he said.