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Innovation Report: Streamlining Processes for US Businesses and Universities

This act mandates a government report on how current regulations affect the ability of businesses and universities to develop new inventions. The goal is to improve public-private partnerships, potentially leading to faster market introduction of innovations and increased competitiveness. Citizens may benefit from easier access to new technologies and products.
Key points
The government will study why some federally funded inventions are not pursued by contractors.
The report will assess how current invention disclosure rules impact the competitiveness of US businesses, especially against foreign rivals.
Difficulties faced by contractors and universities in the invention disclosure process, including issues with IT systems, will be examined.
The aim is to simplify procedures and enhance collaboration between the government and innovators, potentially accelerating new technology development.
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Additional Information
Print number: 118_HR_6684
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-12-07
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OFFICIAL LEGAL TITLE

Improving Efficiency to Increase Competition Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6684.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-12-07.

What are the main provisions?

Key points include:

  • The government will study why some federally funded inventions are not pursued by contractors.
  • The report will assess how current invention disclosure rules impact the competitiveness of US businesses, especially against foreign rivals.
  • Difficulties faced by contractors and universities in the invention disclosure process, including issues with IT systems, will be examined.
  • The aim is to simplify procedures and enhance collaboration between the government and innovators, potentially accelerating new technology development.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Courts and Law Education