This bill doesn't require that the government audit the financial industry business patents, but rather lets the financial industry lawyers challenge the patents in court (currently patents have a presumption of validity that would prevent this in many cases). So it would be Google and Microsoft's lawyers that would be doing this.
Comments
> Why not allow a system-wide audit of all business-practice patents, and software patents too
I don't think they have that kind of manpower.
This bill doesn't require that the government audit the financial industry business patents, but rather lets the financial industry lawyers challenge the patents in court (currently patents have a presumption of validity that would prevent this in many cases). So it would be Google and Microsoft's lawyers that would be doing this.
> I don't think they have that kind of manpower.
So we give it only to financial services companies :-)