Bayh-Dole, Piscopo version

Use the patent system!
To promote use of inventions!
Got an invention in federal research?
Keep it!
But license the feds!
To practice and have practiced!
All kept secret!

Patent money?
Deduct admin costs only!
Use the rest for scientific research or education!
Assignees of nonprofits?
Must follow the same nonprofit rules!

Now, exclusive licenses!
Demand royalties!
Grant right to enforce!
But must get a plan!

No practical application?
Unsatisfied health needs?
Compulsory licensing!

Practical application!
Benefits available to the public!
On reasonable terms!


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