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Congressional Budget Office: Patent bill cost exceeds expected revenue

Legislation making sweeping changes in patent law that is slated for Senate debate in the coming weeks would increase federal spending by $26.9 billion and boost revenue by $25.5 billion over a nine-year period beginning in 2009, according to a CBO analysis released late last week.

The legislation sponsored by Senate Judiciary Chairman Patrick Leahy, D-Vt., would alter the rule that prioritizes the award of a patent from the "first to invent" to the first inventor to file; increase the Patent and Trademark Office's authority to collect and spend fees; and institute a number of litigation-related changes. A sizable shift on the federal balance sheet would result from language to make permanent the PTO's authority over money collected from patent and trademark applications, CBO said. Compliance costs could be $200 million annually starting in 2009, with most of the financial burden falling on the private sector, officials said.

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