Focus on tech makes passage easier
Borges & Kersten, 23 --- *program manager and associate fellow with the Geoeconomics Center at the Center for Strategic and International Studies, AND **deputy director and a fellow of the Renewing American Innovation Project at CSIS (December 11, 2023, Chris Borges and Alexander Kersten, “New Efforts to Promote U.S. Innovation: The PERA and PREVAIL Act in Context,” https://www.csis.org/analysis/new-efforts-promote-us-innovation-pera-and-prevail-act-context, JMP))
Given that innovation is the new frontline in geopolitical competition, it is important that the United States update the legal framework of its IP system to advance its technological leadership. While previous iterations of PERA and the PREVAIL Act have made appearances on the legislative docket with limited success, Congress’ current preoccupation with cutting-edge technology like artificial intelligence might provide the momentum needed to advance one or both bills. Therefore, it is imperative to understand the bills’ potential impact on innovation.