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Barack Obama Signs Patent Reform Law

Published Friday, September 16, 2011
by Jennifer Martinez

Calling it a jump-start for the economy and a boon for jobs, President Barack Obama signed into law on Friday a bill that overhauls the nation’s patent system for the first time in nearly six decades. 

“Right now, there are about 700,000 applications that haven’t even been opened yet. These are jobs and businesses of the future just waiting to be created,” Obama said at Thomas Jefferson High School for Science and Technology in Alexandria, Va., where the signing took place. "Somewhere in that stack of applications could be the next technological breakthrough."

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