Earlier quoted context omitted.
From the wikipedia article that was referred to: Prior to the enactment of Bayh-Dole, the U.S. government had accumulated 28,000 patents, but fewer than 5% of those patents were commercially licensed Not saying I understand the complexities but an outright repeal doesn't seem like it would address this underlying systemic problem. Maybe times have changed.
Are more than 5% of university patents commercially licensed these days?
This is what happened to audio codecs for years for example, several alternatives are superior to MPEG Audio Layer III (today you should use Opus), but the MP3 patent holders could expect their revenue to keep flowing for their inferior alternative anyway.
A certain kind of person really wants a patent, the same way someone might really want to win themselves a Hugo. I guess employer can think of it as a relatively expensive employee retention benefit, OK, we'll pay for your useless patent filing and we'll get you a laminated front page you can pin up in your cubicle. Go you.