The Trump administration is considering a major overhaul of the U.S. patent system aimed at raising tens of billions of dollars in revenue. According to multiple reports citing sources from the Commerce Department, officials are discussing imposing a new fee on patent holders amounting to 1% to 5% of the overall value of their patents. This proposal represents a significant departure from the current flat fee structure and is intended to help narrow the federal budget deficit. The plan has drawn criticism from business figures such as Mark Cuban, who called it "one of the dumbest ideas in the history of business." The potential changes could have broad implications for innovation, patent strategy, and sectors like biotechnology. The proposal is still under discussion, with the Commerce Department weighing the impact on patent holders and the broader economy.
Strategic Uses and Considerations for Reissue Applications (Part 1 of 3) https://t.co/UdTLBkNFem | by @wolfgreenfield
Mark Cuban is criticizing a Commerce Department proposal to charge patent holders 1% to 5% of a patent’s value, calling it “one of the dumbest ideas in the history of business.” The plan could replace or supplement the current flat fee system and is being pitched as a new revenue https://t.co/co7Gs8I33z
Check out @MasonNatSec Paul Taylor & @RepGoodlatte op-ed in Bloomberg Law on how settled expectations in patent cases harms innovation https://t.co/p2pzOdbGvu