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Good luck with that. I applaud the sentiment but implementing it is seriously challenging.
Passing it through Congress, you mean? I'm optimistic. Reasonable people can differ philosophically on IP issues, but even someone in favor of long patent terms and broad patentability can recognize that patent trolling is a classic abuse of the judicial system.
Despite my initial excitement at seeing a senator advocate for some patent reform a review of Senator Hatch's history left me less excited. He has supported copyright extension, and advocated for COICA. It seems he only cares about intellectual property abuse when it prevents people from making money.
Seriously - not the byline I expected to see on something like this.