by Dennis Crouch
We have been discussing pending legislation in Congress. On October 29, House Judiciary Committee Ranking Member Conyers (D-Mich.), IP Subcommittee Ranking Member Watt (D-N.C.), and Congressman Doug Collins (R-Ga.) introduced H.R. 3349 the “Innovation Protection Act.”
The Bill is designed to protect the PTO from fee diversion by creating a wholly separate PTO revolving fund that the PTO could spend, regardless of any government shutdown, sequestration, or failure of appropriations. “Any amounts in the Fund shall be available for use by the Director without fiscal year limitation.” Of course, the fund would be maintained by USPTO fees and no taxpayer monies would go toward building the fund.