Patent Reform Could Increase Deficit By $1.4B: Report

Law360, New York (February 19, 2008, 12:00 AM EST) -- A controversial bill to make key changes in patent law would increase the federal budget deficit by $1.4 billion over a 10-year period starting in 2009, according to a budget analysis of the proposed changes released on Friday.

The Congressional Budget Office estimated in its report that the Patent Reform Act of 2007, now pending before the U.S. Senate, would increase direct spending by $26.9 billion and revenues by $25.5 billion over that period if it is passed.

The bulk of the changes result from giving...
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