SB3569: Improving Efficiency to Increase Competition Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to require the Comptroller General of the United States to submit a report on the disclosure process for intellectual property created under a Federal grant, and for other purposes.
Plain-language summary
This bill requires the Comptroller General—an official who audits federal spending—to write a report about how federal grant recipients must disclose inventions and creations they develop using grant money. The report will examine the current disclosure process for intellectual property, which means inventions, software, patents, and similar creations made with federal funds. The bill aims to understand whether the disclosure rules help or hurt competition between companies. The bill is currently in its early stage after being introduced in Congress.
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SB3569: Improving Efficiency to Increase Competition Act