Statement of David J. Kappos before the Committee on the Judiciary

David J. Kappos

David J Kappos:

"Innovation continues to be a principal driver of our country’s economic growth and job creation. An efficient and balanced patent system centered on strong patent protection, delivers that innovation to the marketplace. Recalling a 2012 study by the Economics and Statistics Administration and the USPTO, IP-intensive industries accounted for 40 million jobs, or 27.7% of all jobs in the US economy, in 2010. According to that same study, IP-intensive industries accounted for over $5 trillion in value added, or 34.8% of US GDP in 2010."