Publisher's Synopsis
Excerpt from The Bayh-Dole Act, a Review of Patent Issues in Federally Funded Research: Hearing Before the Subcommittee on Patents, Copyrights and Trademarks of the Committee on the Judiciary, United State Senate; One Hundred Third Congress, Second Session on Public Law 96-517; April 19, 1994
Traditional patent policy, as you know very well, provided that the Government would always retain rights to any intellectual property arising from federally-funded research and that only nonexclusive licenses of industry would be permitted. I listed to our former colleague, Russell Long, who was probably the number one champion of maintaining this protection - all of us are concerned about protecting the taxpayer, but when you spend $30 billion and you get very little out of it, I don't think the taxpayers were being defended.
By 1978, what we found out when you and your ranking Repub lican, Senator Hatch, and others joined in this effort, was that the Federal Government owned patents and only 5 percent of them were ever licensed. So the Federal tax dollars were really being wasted.
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