Innovation Protection Act

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H.R.1832: Innovation Protection Act (2015) (Congress)

The Innovation Protection Act was introduced on April 16, 2015, by Representative John Conyers, Jr. (D-MI) and referred to the House Committee on the Judiciary. On May 15, 2016, the bill was referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

GovTrack predicts that the Innovation Protection Act has a 5% chance of being enacted. (GovTrack)

Summary

The Innovation Protection Act would establish a United States Patent and Trademark Office Public Enterprise Fund in the Treasury to be used as a "revolving fund by the Director of the U.S. Patent and Trademark Office (USPTO) without fiscal year limitation." It would replace the Patent and Trademark Office Appropriations Account, eliminate the Patent and Trademark Fee Reserve Fund established by the America Invents Act, and provide a permanent source of funding for the USPTO. The act would also require that all of the fees collected by the PTO remain available to the PTO until they are spent.