Empowers universities, small businesses and non-profit institutions to take ownership of inventions made during federally-funded research, so they can license these basic inventions for further applied research and development and broader public use.
Encourages private-sector investment needed to turn basic government-funded research into tested and approved products, requires these products to be manufactured domestically and ensures royalties for universities to further advance basic research and education.
Allows the government to require additional licensing of inventions arising from its research if the invention is not being made available for public use or during public health or other national emergencies.
Enacted by Congress with strong bipartisan support to ensure basic innovations discovered through federal research are developed into real-life products, including approved therapies that reduce suffering, treat the sick and improve the lives of patients.
Read up on how the Bayh-Dole Act continues to make news in American and worldwide politics today.
The Bayh-Dole Act benefits the U.S. economy, taxpayers, consumers and patients, and we support the continuation of this vital piece of legislation.