CBO Estimates Cost of Senate Patent Legislation

The Congressional Budget Office estimated that implementation of the Senate Protecting American Talent and Entrepreneurship Act (S-1137) would cost the federal government $3 million during the period of 2016-2020, and increase operating costs at the Patent and Trademark Office by about $70 million in the same period. The CBO said that enacting the bill would not affect direct spending, and costs for public and private entities to comply with the mandate would fall "well below" the annual intergovernmental and private-sector thresholds of $77 million and $154 million, respectively, in 2015.