Study to Streamline Reporting of Federally Funded Inventions and Boost Competition.
This law requires the Government Accountability Office (GAO) to conduct a detailed study on how current rules for reporting inventions created with federal funding affect companies and universities. The goal is to identify and remove bureaucratic hurdles that slow down the commercialization of new technologies. Citizens benefit indirectly as streamlining this process should accelerate innovation and increase market competition.
Key points
Mandates a study to assess the complexity and burden of current patent disclosure and reporting requirements for institutions receiving federal grants.
The report will examine whether these reporting rules hinder American contractors from competing effectively against foreign rivals.
It seeks recommendations to improve the government's invention reporting system (iEdison) and standardize reporting across various federal agencies.
Expired
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