Washington – Insurers are praising the introduction of a bill that clarifies patent law in the aftermarket automobile parts market. The bill, introduced by Rep. Zoe Lofgren (D-Calif.), further clarifies existing patent law, and would help reverse an International Trade Commission ruling that sought to ban the importation of competitive parts.
Proponents say the legislation is a step toward preserving competition, which affects not only prices, but also the availability of supply, consumer choice and innovation.
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