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.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate.(2006-12-09)
Plain Language Summary
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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