House OKs $70M Funds Transfer At USPTO

Law360, New York (July 8, 2009, 12:00 AM EDT) -- The U.S. House of Representatives has approved a measure allowing the U.S. Patent and Trademark Office to access up to $70 million of its trademark budget to prevent layoffs at the agency and help finance its cash-strapped patent operations.

Passed by a voice vote Tuesday, the legislation, introduced by Rep. John D. Conyers Jr., D-Mich., aims to lessen budget troubles at the USPTO caused by a steep drop in application filings.

The bill, H.R. 3114, would permit the USPTO's director to use up to $70 million...
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