This transcript is automatically generated
-- new inventions create new jobs.
But getting a patent to protect that new invention can be slow and expensive.
What -- could all change even as early as next week if the president signs the American -- act into law.
Roger -- the author of -- is the white house on the major patent reform and he's a -- attorney and CEO of trademark yet dot com He joins us right now from Mountain View California arrived.
How old is new law make it easier on smart people like my dad who invent things.
Well it's going to make it easier in the sense that they can have an additional incentive to get their ideas out non Paper.
Right now it's stuck in their head -- the only ones that know and nobody else does so by putting it up Paper He gives him more committed to helping them explain their ideas to the world so.
People can make use of it -- how things change to the patent office in terms of how they deal with all these applications.
Right so the patent office is used to dealing with a lot of applications and some say that this will make it more streamlined in the sense that they'll be less applications.
Of of lower quality because some of the changes it's going to happen is gonna make it easier.
For others to submit information to the patent office to invalidate bad patents.
The government waste a lot of money today in trying to figure out who invented something forests of this new law is going to allow.
Them a clear guideline to -- into that decision.
Yeah it is -- about -- personal as.
All the if explain that to both of us Phil quit because right now it's the first to invent that's the system and it changed to first to file.
Right so throughout American history it's been a few got the idea first use -- gonna be the -- that idea.
The government's gonna help you make sure that your conception of your idea has priority rights.
-- T even someone else who comes up with the idea of a thousand piece of Paper after you as long as you view constructively work on the idea and -- Italian minute.
Now that's get all changed now use an inventor have to file a piece of Paper with the government.
And if that government if you've first you have rights to it for no one else -- of first you don't.
And so some people are upset about that and some people think it's a good idea.
Yeah how does this create jobs because that is ultimately what the White House is trying to deal with just about every piece of legislation now it is.
It's gonna create jobs number of ways first if you can if the government can -- take this idea indeed this new law and implement new way.
To make it easier for inventors.
To submit their ideas to the government.
Right now every country in the world AX including that it the United States that this law passes is going to be -- first to file system.
And every country in the world who cries of written disclosure that they make it easier to get those ideas out whether its -- their iPhone -- phone.
And be at a record their invention uploaded that's what other suggestions I had if they can do that is going to be possible for.
These ideas to be shared with others if they can take that government patent need and expose it to others you can find out if you invent something where the people that live around you.
That also are inventing things like you and work together and sort of start a new company Americans are the most innovative people in the world.
We together have the ideas and -- how do we get those ideas out.
And make it shared with other Americans that we can build a build better and better future if we can do that you mean companies -- for -- jobs is -- in the past.
I rise say I invented a new way it is sanitized the assistance here fox business and have my face on the air 24 hours a day I'm working on that in the background.
On I go to your website.
Trademark you dot com how would I use that to try and -- this new system that on them.
-- another good to promote -- company.
But trademarking is a search engine for trademarks -- -- it was this this would then go to the whole hope is that the government.
We will be able to use this new law to allow Americans to get more jobs due to -- enabling ways of sharing their information.
With other inventors around them.
Trademark case is currently focused on trademarks not on patents.
What we what we hope -- with this new is that the government will make it easier for average people.
To get their ideas out in addition to now requiring them to get those ideas can an idea that stuck in your -- it's only going to be there no one else is -- -- How do we get those ideas shared with others.
There are a million great ideas but very few people at the time and did you express them and there's no incentives then Medusa.
You create those incentives to get those ideas out you get their shares and hopefully great things happen -- -- -- thank you --