Innovation Protection Act of 2013

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. 

File Attachment: H.R. 3499.pdf (249 KB)

3 thoughts on “Innovation Protection Act of 2013

  1. 0

    WoW this could mean progress instead of regression if the money is spent wisley Funding for top only marketable invention development and paralegal expenses for the indegent inventors is a real progress situation. Inventor security spending is also a critical nessity until the pagenly primative patent system is more perfected to stop its bloody past. Theyve waisted 8 years already because they wont listen to master inventers on reform provision conceptions and wont hire inventing consultants

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