ms. lofgren: the gentlelady has an additional 15 seconds as requested. the chair: the gentlewoman is recognized for 15 seconds. ms. jackson lee: because a small business has to reach to others to help fund their invention and they let the secret out of the bag. 18 months protects their disclosures for a period of time for them to be able to move forward. lastly, i have a sunset provision that would lp small bitses -- businesses as well as relates to the -- sunset of business method patent review. this could be a go bill. i hope we can correct it and i ask my colleagues to consider correcting this bill. i yield back. the chair: the gentlewoman's time has expired. the gentleman from texas voiced. mr. smith: i yield three minutes to the gentleman from ohio, mr. shadegg,ho is a senior member of the constitution subcommittee and a senior member of the intellectual property subcommittee of the judiciary committee. the cha: the gentleman from ohio is recognized for three minutes. mr. shadegg: thank you. i first want to ank chairman smith and chairman goodlatte f

ms. lofgren: the gentlelady has an additional 15 seconds as requested. the chair: the gentlewoman is recognized for 15 seconds. ms. jackson lee: because a small business has to reach to others to help fund their invention and they let the secret out of the bag. 18 months protects their disclosures for a period of time for them to be able to move forward. lastly, i have a sunset provision that would help small bitses -- businesses as well as relates to the -- sunset of business method patent review. this could be a good bill. i hope we can correct it and i ask my colleagues to consider correcting this bill. i yield back. the chair: the gentlewoman's time has expired. the gentleman from texas voiced. mr. smith: i yield three minutes to the gentleman from ohio, mr. shadegg, who is a senior member of the constitution subcommittee and a senior member of the intellectual property subcommittee of the judiciary committee. the chair: the gentleman from ohio is recognized for three minutes. mr. shadegg: thank you. i first want to thank chairman smith and chairman g

ms. lofgren as well. who have dedicated themselves to trying to make sure that we have a context and environment in america which will facilitate the innovative sector of our economy. and i yield back the balance of my time. the chair: the gentleman yields back the balance of his time. all time has been yielded back. the question is on the amendment offered by the gentlewoman from california. those in favor say aye. those opposed, no. in the opinion of the chair, the ayes have it. the amendment is agreed to. it is now in order to consider amendment in 11 printed in part b of house report 112-111. for what purpose does the gentlewoman from california seek recognition? the chair: does the gentleman from north carolina seek recognition? mr. watt: madam chair, we were expecting congresswoman waters. i'd ask unanimous consent that this amendment be delayed until we can determine whether she's still planning to offer it. the chair: the committee of the whole is unable to reorder the amendments. mr. watt: well,

ms. lofgren, and i thank the chair. i wanted to place on the record dozens a dozens of organizations that oppose this bill. they oppose the manager's amendment and what's amazing about these groups ithey range the vast ideological spectrum from liberal to conservative to moderate and they all represent people. thousands and thousands of people. such as the american bar association, the eagle forum, the american civil rights union and the christian coalition, the family research council action and friends of the earth. i mean, if one looks across this list, national association of realtors, innovation alliance, they have deep concerns about this bill and oppose it and i would like to place this on the record, madam chair. the chair: without objection and the gentlewoman's time has expired. for what purpose does the gentleman from texas rise? smith schmidt i yield five minutes to t

ms. lofgren, each will control 30 minutes. the chair now recognizes the gentleman from texas, mr. smith. mr. smith: i yield myself such time as i may dume. the chair: the gentleman may continue. mr. smith: mr. chairman, the foresight of the founders in creating an intellectual property system in the constitution demonstrates their understanding of how patent rights benefit the american people. technological innovation from our intellectual property is linked to three quarters of america's economic growth and american i.p. industries account for over 1 1/2 of all of our exports. these industries also provide millions of americans with well-paying jobs. our patent laws which provide a time-limited monopoly to inventors in exchange for their talent help create this prosperity. the last major patent reform was nearly 60 years ago. during this time we've seen tremendous technological advancements in

ms. lofgren: thank you, mr. speaker. it has a discretionary cost of over $346 billion over the next five years, $1.1 billion over the next 10 years. the manager's amendment violates the new cut-go rules by endoing the n.i.c. diversion language which eliminates a procedure that would have decreased the budget deficit by $717 million over five years. this is not offset. this violates the cut-go rules that the majority put in place. i would note also that the rule has -- and the manager's amendment has many other problems. i'm very disappointed that having worked on the patent reform measures since 1997 that we are yanking defeat from the jaws of victory here today. the rule does not permit consideration of mr. connier's amendment that was focused on the fee matter that violates the -- corrects the violation of the rule. it also does not permit consideration of the grace period, preservation and prior clarification that is essential to small ventures. if we are to go to the first to file system, we need to make sure that we