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Article Summary Two U.S.Senators Have Introduced a Bipartisan Bill to Strengthen Patent

question 139

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Article Summary
Two U.S.Senators have introduced a bipartisan bill to strengthen patent protection in the United States.The STRONGER Patents Act,designed to improve the patent system,includes provisions which would permit injunctions to protect patent owners against infringement both during and after court cases and guarantee fairness in administrative proceedings by limiting repetitive and harassing challenges against inventors.Changes over the last decade have lessened some U.S.patent rights,while countries such as China and Germany have moved to strengthen their own patent protections.In 2016,the United States fell to 10th place in the U.S.Chamber of Commerce's international ranking of patent system strength.
Source: Brian Pomper,"Senators Coons and Cotton Introduce STRONGER Patents Act of 2017," ipwatchdog.com,June 21,2017.
-Refer to the Article Summary.If the STRONGER patents Act of 2017 does not become law and patent protection in the United States continues to fall further behind patent protection in other countries,which of the following would most likely occur in the United States?

Definitions:

Quota Rights

Licenses or permissions issued by a government that allow specific quantities of goods to be imported or exported.

Economic Welfare

The overall well-being and standard of living of people in terms of the quantity and quality of goods and services available to them.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay.

Tariff Revenue

The income earned by a government from imposing taxes on imported goods.