The Preserving Access to Cost Effective Drugs (PACED) Act

This bill would remove a loophole in the patenting process which allows manipulators to pay Indian tribes to take “ownership” of their patents, thereby allowing the tribes to claim sovereign immunity and avoid review in the case of a dispute. The PACED Act restores the power of the U.S. Patent and Trademark Office, federal courts, and the International Trade Commission to review patents regardless of sovereign immunity claims made as part of questionable transactions.