Small Business Innovation Impact Act

Bill: 114-s-963
Sponsor: full_name: Sen. Hirono, Mazie K. [D-HI]
Introduced: 2015-04-15
Policy area: Commerce
Subjects: Advanced technology and technological innovations

Competition and antitrust

Congressional oversight

Government studies and investigations

Intellectual property

Licensing and registrations

Small business

Technology transfer and commercialization
Latest action: action_date: 2015-04-15
text: Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summaries:
action_date: 2015-04-15
action_desc: Introduced in Senate
text: <p><b>Small Business Innovation Impact Act</b></p> <p>This bill requires the Chief Counsel for Advocacy of the Small Business Administration to submit an analysis, using existing resources, to specified congressional committees on:</p> <ul> <li> the investment of small businesses in developing new and useful inventions and obtaining patents on them; </li> <li> the importance of university technology transfer to small businesses; </li> <li> the use of patent licensing arrangements by them;</li> <li> the impact of patent ownership for small businesses on attracting outside investment, creating new jobs, protecting against foreign infringing goods, and competing against larger businesses; and</li> <li> the impact on small businesses from patent-related demand letters and civil actions arising under federal law relating to patent infringement.</li> </ul>

tv_txt: II 114th CONGRESS 1st Session S. 963 IN THE SENATE OF THE UNITED STATES April 15, 2015 Ms. Hirono (for herself and Mr. Coons ) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To require the Chief Counsel for Advocacy of the Small Business Administration to submit a report on small business innovation.

1. Short title This Act may be cited as the Small Business Innovation Impact Act . 2. Report on small business innovation (a) Definition In this section, the term small business concern has the meaning given the term in section 3 of the Small Business Act ( 15 U.S.C. 632 ). (b) Small business administration report Not later than 1 year after the date of enactment of this Act, the Chief Counsel for Advocacy of the Small Business Administration shall, using existing resources, submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report analyzing— (1) the investment of small business concerns in developing new and useful inventions and obtaining patents on those inventions; (2) the importance of university technology transfer to small business concerns; (3) the use of patent licensing arrangements by small business concerns; (4) the impact of patent ownership for small business concerns on attracting outside investment, creating new jobs, protecting against foreign infringing goods, and competing against larger businesses; and (5) the impact on small business concerns from patent-related demand letters and civil actions arising under title 35, United States Code, relating to patent infringement.