USPTO Cuts Threaten To Hobble Already Stressed Agency
Law360, New York (May 16, 2013, 10:26 PM EDT) -- Budget cuts at the U.S. Patent and Trademark Office due to sequestration and reduced fee revenue, which the office said Thursday totaled around $240 million, have alarmed attorneys who say the reductions will hurt patent quality and the office's ability to function.
At a meeting of the Patent Public Advisory Committee, USPTO Chief Financial Officer Anthony Scardino said the office had slashed its budget by $176 million in April due in part to the congressionally mandated budget cuts known as the sequester and in part to the fact that fee revenue has been lower than expected.
Those cuts, which include $60...
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