Policy Update: Senator Grassley Tries Again to Regulate TPLF, and Secretary Lutnick Rules Out Patent Value Tax

This week was busy on the IP policy front, with Senate Judiciary Committee Chairman Chuck Grassley (R-IA) introducing yet another bill meant to regulate third-party litigation funding (TPLF). Several such bills have been introduced in the House or Senate over the past year. Meanwhile, Commerce Secretary Howard Lutnick told a Senate Appropriations Subcommittee that the rumored value‑based tax on patent holders is not happening.