The Senate - finally - will vote on patent reform today at 4 p.m.  President Obama - finally - will sign the legislation soon after.  The President's speech on jobs is set for this evening, and patent reform may be mentioned in the speech.  However, no one quite knows with certainty what the impact will be on the current unemployment rate.

Amendments to the bill were discussed yesterday, but it appears likely amendments will not impact the final bill.

Some media reports are concluding that the bill favors larger companies over start-up companies.

Cleantech and nanotech companies need to immediately understand the impact of this reform on their strategy.  Perhaps the only certainty is that companies, universities, federal labs, and other entities, that do not understand the patent reform will be at a disadvantage compared to those that do.