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patents, licenses, technologies, and processes owned,
or held in whole or part, by the Federal Govern-
ment;
(5) information on patents, licenses, tech-
nologies, and processes owned, or held in whole or
part, by the Federal Government is not standardized
in form or content, is separately maintained by nu-
merous Federal agencies and departments, and is
not easily accessible by the public;
(6) businesses and entrepreneurs in the United
States are largely unaware of the existence of these
patents, licenses, technologies, and processes, and
largely unaware of the possibilities for obtaining the
rights to these patents, licenses, technologies, and
processes for the purpose of commercialization;
(7) even in instances in which businesses and
entrepreneurs are aware of their rights to obtain
patents, licenses, technologies, and processes owned,
or held in whole or part, by the Federal Govern-
ment, the limited availability of credit to undertake
new business operations and concerns is a signifi-
cant deterrent to their commercialization;
(8) foreign corporations, frequently with the as-
sistance of their governments, are the primary enti-
ties obtaining rights to patents, licenses, tech-
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nologies, and processes owned, or held in whole or
part, by the Federal Government, and are the pri-
mary entities bringing about their commercialization
in the form of new goods and products which com-
pete with United States businesses;
(9) it is in the economic interest of the United
States to facilitate the private sector commercializa-
tion of patents, licenses, technologies, and processes
by United States businesses; and
(10) greater effectiveness will be achieved
through the utilization of the private sector cor-
porate structure and profit incentives in facilitating
the commercialization of patents, licenses, tech-
nologies, and processes than can reasonably be ex-
pected by the Federal Government performing this
function.
SEC. 3. PURPOSES.
The purposes of this Act are to—
(1) provide a self-supporting source of financing
for private-sector United States businesses to com-
mercialize patents, licenses, technologies, and proc-
esses owned, or held in whole or part, by the Federal
Government;
(2) develop a single, comprehensive data base of
information on patents, licenses, technologies, and
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processes owned, or held in whole or part, by the
Federal Government, which is standardized and eas-
ily accessible by the general public;
(3) heighten the awareness of United States
businesses and entrepreneurs of the availability for
commercialization of patents, licenses, technologies,
and processes owned, or held in whole or part, by
the Federal Government;
(4) facilitate the transfer of technologies to
United States businesses and entrepreneurs and to
assist in their commercialization;
(5) finance the technology transfer and com-
mercialization initiatives contained in this Act by es-
tablishing an alternative minimum tax on corpora-
tions importing products into the United States at
artificially inflated prices;
(6) achieve greater effectiveness in facilitating
the commercialization of patents, licenses, tech-
nologies, and processes through the utilization of the
private sector corporate structure and profit incen-
tive; and
(7) foster United States economic growth and
the creation of new employment opportunities for
American workers in good paying jobs, while
strengthening and enhancing the manufacturing pre-