H.R.3349 - Innovation Protection Act
To provide for the permanent funding of the United States Patent and Trademark Office, and for other purposes.
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SECTION 1. SHORT TITLE.
SEC. 2. PATENT AND TRADEMARK OFFICE FUNDING.
(4) TRADEMARK ACT OF 1946- The term ‘Trademark Act of 1946’ means the Act entitled ‘An Act to provide for the registration and protection of trademarks used in commerce, to carry out the provisions of certain international conventions, and for other purposes’, approved July 5, 1946 (
(A) in subsection (b), by striking ‘Patent and Trademark Office Appropriation Account’ and inserting ‘United States Patent and Trademark Office Public Enterprise Fund’; andCommentsClose CommentsPermalink
(II) by striking ‘shall be collected by and shall, subject to paragraph (3), be available to the Director’ and inserting ‘shall be collected by, and shall be available to, the Director until expended’; andCommentsClose CommentsPermalink
(2) EFFECTIVE DATE- The amendments made by paragraph (1) shall take effect on the first day of the first fiscal year that begins on or after the date of the enactment of this Act.CommentsClose CommentsPermalink
(1) ESTABLISHMENT- There is established in the Treasury of the United States a revolving fund to be known as the ‘United States Patent and Trademark Office Public Enterprise Fund’. Any amounts in the Fund shall be available for use by the Director without fiscal year limitation.CommentsClose CommentsPermalink
(B) REMAINING BALANCES- There shall be deposited in the Fund, on the effective date set forth in subsection (b)(2), any unobligated balances remaining in the Patent and Trademark Office Appropriation Account, and in the Patent and Trademark Fee Reserve Fund established under
(A) all expenses, to the extent consistent with the limitation on the use of fees set forth in
(1) summarizes the operations of the Office for the preceding fiscal year, including financial details and staff levels broken down by each major activity of the Office;CommentsClose CommentsPermalink
(1) IN GENERAL- Not later than 30 days after the beginning of each fiscal year, the Director shall notify the Committee on Appropriations of the House of Representatives and the Committee on Appropriations of the Senate of the plan for the obligation and expenditure by the Office of the total amount of the funds for that fiscal year in accordance with section 605 of the Science, State, Justice, Commerce, and Related Agencies Appropriations Act, 2006 (
(f) Audit- The Director shall, on an annual basis, provide for an independent audit of the financial statements of the Office. Such audit shall be conducted in accordance with generally accepted accounting principles.CommentsClose CommentsPermalink
(g) Budget- The Fund shall prepare and submit each year to the President a business-type budget in such manner, and before such date, as the President prescribes by regulation.CommentsClose CommentsPermalink