US HB1832 | 2015-2016 | 114th Congress

Status

Spectrum: Moderate Partisan Bill (Democrat 19-4)
Status: Introduced on April 16 2015 - 25% progression, died in committee
Action: 2015-05-15 - Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Pending: House Subcommittee on Courts, Intellectual Property, And The Internet Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Innovation Protection Act Establishes in the Treasury the United States Patent and Trademark Office Public Enterprise Fund (Public Enterprise Fund) to be used as a revolving fund by the Director of the U.S. Patent and Trademark Office (USPTO) without fiscal year limitation. Requires to be credited to or deposited in the Public Enterprise Fund: (1) appropriations for defraying the costs of USPTO activities; (2) fees collected under federal patent and trademark laws; and (3) any unobligated balances remaining in the Patent and Trademark Office Appropriation Account and in the Patent and Trademark Fee Reserve Fund. (Thus, replaces the Patent and Trademark Office Appropriation Account, eliminates the Patent and Trademark Fee Reserve Fund, and provides a source of permanent funding for the USPTO.) Requires fees collected by the Director to remain available to the Director until expended. Makes the Public Enterprise Fund available to cover: (1) ordinary and reasonable administrative, operating, and other expenses incurred by the Director for the continued operation of USPTO services, programs, activities, and duties relating to patents and trademarks; and (2) expenses incurred pursuant to obligations, representations, or other commitments of the USPTO. Requires the Director, on an annual basis, to: (1) report to Congress with operation and spending plans, including financial details and staff levels broken down by each major activity; (2) provide for an independent audit of USPTO financial statements; and (3) submit a budget to the President.

Tracking Information

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Title

Innovation Protection Act

Sponsors


History

DateChamberAction
2015-05-15HouseReferred to the Subcommittee on Courts, Intellectual Property, and the Internet.
2015-04-16HouseReferred to the House Committee on the Judiciary.
2015-04-16HouseSponsor introductory remarks on measure. (CR E524)
2015-04-16HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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