Section 1 Short title
This Act may be cited as the “Small Business Innovation Impact Act”.
Small Business Innovation Impact Act
A BILL
To require the Chief Counsel for Advocacy of the Small Business Administration to submit a report on small business innovation.
Sec. 2 Report on small business innovation
Definition— In this section, the term small business concern has the meaning given the term in section 3 of the Small Business Act (15 U.S.C. 632).
Small business administration report— Not later than 1 year after the date of enactment of this Act, the Chief Counsel for Advocacy of the Small Business Administration shall, using existing resources, submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report analyzing—
the investment of small business concerns in developing new and useful inventions and obtaining patents on those inventions;
the importance of university technology transfer to small business concerns;
the use of patent licensing arrangements by small business concerns;
the impact of patent ownership for small business concerns on attracting outside investment, creating new jobs, protecting against foreign infringing goods, and competing against larger businesses; and
the impact on small business concerns from patent-related demand letters and civil actions arising under title 35, United States Code, relating to patent infringement.