10 Feb Bayh-Dole Coalition Urges the Biden Administration to Preserve the Bayh-Dole Act
WASHINGTON (February 10) – Yesterday, the Bayh-Dole Coalition submitted a white paper to President Biden detailing the long-lasting impact of the Bayh-Dole Act and urging his administration to preserve and protect the legislation.
“The Bayh-Dole Act has spurred decades of public-private sector collaboration, bolstered U.S. economic output by up to $1.7 trillion, and supported nearly 6 million jobs through the development of federally-funded inventions under the law,” said Bayh-Dole Coalition executive director Joseph P. Allen. “The legislation will play an essential role in helping our economy bounce back from Covid-19.”
The white paper recommends ways the Biden administration can ensure that Bayh-Dole continues to facilitate American innovation and support the U.S. economy.
“The Biden administration should uphold the precedent set by past administrations, both Democratic and Republican, that rejects using Bayh-Dole’s march-in provision as a government price-setting mechanism for successfully commercialized inventions,” said Allen. “Senators Bayh and Dole did not intend for the legislation’s march-in provision to be used as a price control. Abusing this provision would upend the research, development, and commercialization system that supports millions of U.S. jobs and makes America the world’s most innovative nation.”
The Bayh-Dole Coalition believes the Biden administration can lift our nation from the ongoing public health and economic crises — and that the Bayh-Dole Act will be indispensable in doing so.
About the Bayh-Dole Coalition: The Bayh-Dole Coalition is a diverse group of research and scientific organizations, as well as those directly involved in commercializing new products, dedicated to protecting the Bayh-Dole Act and educating policymakers about the positive impacts of the legislation.