HR 6427 · 109th Congress · Commerce

To increase the amount in certain funding agreements relating to patents and nonprofit organizations to be used for scientific research, development, and education, and for other purposes.

Introduced 2006-12-08· Sponsored by Rep. Latham, Tom [R-IA-4]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate.(2006-12-09)

Plain Language Summary

[AI summary unavailable — showing source text] Increases to 15% (currently 5%) of a government-owned contractor-operated facility's annual budget, for facilities with annual budgets of less than $40 million, the amount of money from royalties or income earned during any fiscal year from a patent for a subject invention under a funding agreement that a nonprofit organization can keep for scientific research, development, and education consistent with the research and development mission and objectives of the facility.…

Summarized by Claude AI · Non-partisan · For informational purposes only