Restoring America’s Leadership in Innovation Act of 2024

This bill would reform the U.S. patent system by reverting to a "first-to-invent" system (replacing the current "first-to-file" system), abolishing inter partes and post-grant review proceedings, and ending automatic publication of patent applications after 18 months. It would restore patents as private property rights with a presumption of validity, strengthen remedies for patent infringement including a presumption of irreparable harm for injunctions, and eliminate fee diversion to fully fund the U.S. Patent and Trademark Office. The bill aims to protect inventors' rights and encourage innovation by making the patent system more favorable to patent holders. It would also reverse several Supreme Court decisions that have limited patentability for software and scientific discoveries.