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+-   Lawmakers Debate Patent Immunity for Banks-> on Monday February 18 2008, @02:38PM I Don't Believe in Imaginary Property

Submitted by I Don't Believe in Imaginary Property on Monday February 18 2008, @02:38PM
patents
I Don't Believe in Imaginary Property writes "Now that a small Texas company has a patent on scanning and archiving checks — something every bank does — lawmakers feel they have to do something about it. Rather than reform patent law, they seem to think it wiser to protect the banks from having to pay billions in royalties by using eminent domain to buy the patent for $1 billion in taxpayer money, immunizing the banks. The bill is sponsored by Sen. Jeff Sessions (R-AL)."
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