Rep. Mike Honda (D-Calif.) introduced a bill today to exempt the U.S. Patent and Trademark Office from almost $150 million in budget cuts from sequestration. The bill is entitled “Patents and Trademarks Encourage New Technology (PATENT) Jobs Act.”
In a press release, Rep. Honda pointed out that the United States Patent and Trademark Office (USPTO) is funded entirely by user fees (e.g., filing, issue, maintenance, etc..), making its spending entirely different from spending by other government agencies.
“Congress intended for these fees to be used solely to carry out USPTO’s operations, not the government at large. Our bill will prevent the application of sequestration to USPTO fee revenue so the Silicon Valley office can open as scheduled and USPTO can continue the progress that has been made on reducing the patent application backlog, which is vital for ensuring America’s economic competitiveness.”
A press release on the legislation from Rep. Honda's office, is available here.