Small Business Innovation Impact Act

Small Business Innovation Impact Act

This bill requires the Chief Counsel for Advocacy of the Small Business Administration to submit an analysis, using existing resources, to specified congressional committees on:

the investment of small businesses in developing new and useful inventions and obtaining patents on them; the importance of university technology transfer to small businesses; the use of patent licensing arrangements by them; the impact of patent ownership for small businesses on attracting outside investment, creating new jobs, protecting against foreign infringing goods, and competing against larger businesses; and the impact on small businesses from patent-related demand letters and civil actions arising under federal law relating to patent infringement.