"Congress shall have power . . . To promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries."

Senate bill S. 1145 and House bill H.R. 1908 were drafted and passed through both the Senate and House Judiciary Committees. Below you can find a copy of the Senate and House patent reform bill.
Senate Version House Version

Because of certain banks‘ infringing activity, DataTreasury has been forced to assert its patent rights; and from this process found itself entrenched in litigation for the past five plus years. Two of the patents asserted, the 988 and 137, have been extensively challenged by some of the largest banks in the world as to their scope and whether the United States Patent and Trademark Office (USPTO) properly issued them in 1999 and 2000, respectively. Since being issued by the USPTO, not only one, but two United States Federal Judges have issued Consent Judgments indicating the USPTO properly issued these patents. Additionally, in 2005 these banks, not satisfied by the two U.S. Courts' findings, asked the USPTO to again examine these patents in view of the extensive prior art found by the banks. In July of 2007, the USPTO, through a three panel, special reexamination unit, once again found the subject matter of these patents to be patentable.

Now DTC finds the banking industry lobbying Congress to protect itself from these patents. Senator Sessions has sponsored an amendment protecting banks from any liability for patent infringement on check imaging technology and asking the tax payers of America to pay for the banks’ wrongful acts. The amendment was rushed into the Senate version of the bill via a voice vote, but has yet to be adopted in the House version of the bill. Please read the amendment below.

 
Amendment
 
The Senate's consideration of Sessions' Amendment is a complicated issue for DataTreasury. Our company supports meaningful patent reform that is fair for all inventors, both individual and corporate. However, like the Department of Commerce, the PTO, and other authorities that have weighed in on this issue, we do not support this Amendment's attempt to give the financial industry a special-interest giveaway at the expense of American innovation and invention.
We strongly urge you to call your United States Senators and Representatives that serve the district in which you live. However, because of the complicated nature of this issue, we ask that you be sure to send the correct message to your Congressional leader. When you call them, please be sure to provide the following information:
Your name
The fact that you live in their district or state
You are opposed to Senator Sessions' Amendment to the Senate Patent Reform Act
You are opposed to Senator Sessions' Amendment because:
(1)  DataTreasury's patents have been reexamined by USPTO and found to be valid;
(2)  The Congressional Budget Office has reported that the Sessions' Amendment will cost the taxpayers over a billion dollars, all so the banks can infringe valid patents; and
(3)  other industry leaders like JP Morgan Chase and Merrill Lynch have licensed these patents, so it makes no sense for Congress to give away these patents to other banks now.
Please make sure that you communicate these points above, but nothing more, when you talk with your elected representatives from Washington, D.C. Thank you very much for taking action and voicing your opposition to this improper Amendment.
 
 
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