United States Judiciary Committee
Published: 2018-02-10
Total Pages: 124
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Excerpt from The Bayh-Dole Act, a Review of Patent Issues in Federally Funded Research: Hearing Before the Subcommittee on Patents, Copyrights and Trademarks of the Committee on the Judiciary, United State Senate; One Hundred Third Congress, Second Session on Public Law 96-517; April 19, 1994 Traditional patent policy, as you know very well, provided that the Government would always retain rights to any intellectual property arising from federally-funded research and that only nonexclusive licenses of industry would be permitted. I listed to our former colleague, Russell Long, who was probably the number one champion of maintaining this protection - all of us are concerned about protecting the taxpayer, but when you spend $30 billion and you get very little out of it, I don't think the taxpayers were being defended. By 1978, what we found out when you and your ranking Repub lican, Senator Hatch, and others joined in this effort, was that the Federal Government owned patents and only 5 percent of them were ever licensed. So the Federal tax dollars were really being wasted. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.