March 3, 2004(Key vote)
Title: US Patent and Trademark Fee Modernization Act, 2004
Vote Smart's Synopsis:
Vote to pass a bill that would increase various Patent and Trademark Office's (PTO) user fees by approximately 15 percent.
Provides that filing fees shall be decreased by 75 percent for small businesses, non-profit organizations, and independent investors filing electronically (Sec. 2).
Provides that the Director of the U.S. PTO is responsible for establishing and charging fees for the search process to determine whether a patent application violates a standing patent or trademark (Sec. 2).
Mandates that the above fees may not be increased more than 20 percent in any given year for the next three years (Sec. 2).
Provides that the additional revenue generated by the increased fees shall be credited to a PTO account within the Treasury Department for the sole use of the PTO, as opposed to the previous method of fee diversion to unrelated programs (Sec. 5).