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ICYMI: President Obama on IP

Last Updated on October 22, 2014, 4:59 pm ET

President Obama made the following comment on intellectual property during a town hall meeting in Los Angeles on October 9, 2014:

“I think the basic concept is that you want to have sufficient IP, and–whether patents or copyrights–that you are continually encouraging and rewarding innovation and creativity. But you don’t want those structures so tight, in terms of protecting that intellectual property, that that ends up being actually an inhibitor to people getting good information, folks coming up with new uses for existing information.” (emphasis added)