"Intellectual property protections don't merely shield Americans' ideas and designs from theft-they underpin our entire economy and standard of living. Approximately 90% of the market value of the S&P 500 is in intangible assets, based on IP."
"Weakened IP protections erode American prosperity and human potential as IP-intensive industries support 63 million U.S. jobs and account for over 40% of America's economic output."
"The Scorecard evaluates each member of Congress based on verifiable actions taken during the last three sessions of Congress: their votes on IP-related legislation, sponsorship and co-sponsorship of bills, and public advocacy/leadership on IP issues."
Intellectual property protections are essential for safeguarding American ideas and designs, forming the backbone of the economy. Approximately 90% of the S&P 500's market value is tied to intangible assets linked to IP. Weakening these protections threatens American prosperity, as IP-intensive industries support 63 million jobs and contribute over 40% to the economy. The Council for Innovation Promotion's Congressional Innovation Scorecard reveals that nearly two-thirds of lawmakers received a grade of 'C' or below for their engagement with IP policies, highlighting a disconnect between claims of being pro-innovation and actual legislative actions.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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