Inventors are hit hard as Clinton proposes to take $92 million from the Patent Office.
In a material and psychological blow to inventors, President Clinton recently proposed to take $92 million out of the U.S. Patent and Trademark Office's (PTO) surcharge income of $119 million. Many believe the budget cut will result in delays in patent approvals and an increase in the fees charged to maintain patents over a 20-year period.
This reappropriation of funds will hamper automation efforts, contends Lisa-Joy Zgorski of the PTO, who says, "It's clear that, in the face of these cuts, patent pendency will increase."
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